• Sun. May 26th, 2024

ZSE in red ahead of Independence holiday

HARARE – The Zimbabwe Stock Exchange (ZSE) closed further in the red zone on Wednesday, leading to its mainstream All Share Index depreciating to 96.95 points, down by 1.49 points or 1.51%.
Stock traders believe there may be no significant rally in the days ahead as liquidity squeeze may bite harder as the month comes closer to an end.
The Top 10 Index gained 2.74% to close at 94.08 points.

Conversely, the Medium Cap Index appreciated by 1.08% to close at 103.79 points.
Again, the Small Cap Index was flat at 100.00 points.
Old Mutual Top 10 ETF lost ZiG0.3072c to close at ZiG10.1250c. Others remained unchanged.
Tigere Real Estate Investment Trust gained ZiG1.6805c to ZiG56.9505c and Revitus Property Opportunities traded flat at ZiG22.0000c.
Market capitalisation stood at ZiG27,946.28 billion. Wednesday’s trading session ended with a total of 931 872 shares valued at ZiG2.09 million that exchanged hands in 136 deals.
On the VFEX, there were 4 losers and 3 gainers.
African Sun topped the gainers table, up 1.01% to close at US$0.0300 while First Capital Bank suffered the most, plunging 8.46% to end at US$0.0227.

By ETimes

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