By ETimes
HARARE – Tuesday’s trading on the Zimbabwe Stock Exchange (ZSE) continued on the bearish path of Monday as the benchmark indices declined by 2.19% taking the bearish sentiment to 8 consecutive trading sessions.
The market sentiment also closed negative, with 8 gainers compared to 11 losers.
After 224 deals, the All Share Index closed at 496,993.42 points, 2.19% lower than the 508,108.85 points recorded on Monday due to price depreciation in heavy capitalised stocks.
Market capitalisation stood at $39.06 trillion naira as investors exchanged 1.04 million shares.
The Top 10 Index suffered the most, losing 3.16% to close at 217,846.43 points.
The Medium Cap Index was up 0.52% to end at 2,140,028.21 points. However, the Small Cap Index was flat at 10,536,788.57 points.
Market turnover declined 59.16% to $1,97 billion. Transactions in the shares of Delta topped the activity chart with 138 800 shares valued at $975.13 million.
Datvest Modified Consumer Staples ETF eased $0.2511 to $18.7489 and Morgan & Co made in Zimbabwe, Old Mutual Top 10 ETF, Cass Saddle Agriculture ETF and Morgan & Co Multi Sector ETF remained flat at $17.7733, $79.0000, $8.5000 and $610.0000 respectively.
Tigere Real Estate Investment Trust remained flat at $560.0000 and Revitus Property Opportunities eased $1.9363 to $560.0000.
On the VFEX, National Foods gained 14.91% to US$1.4699. Nedbank ZDR was up 0.45% to US$11.0500. African Sun added 0.33% to US$0.0300.
First Capital Bank was the worst performer, down 5.21% to US$0.0200. Innscor Africa Limited eased 1.88% to US$0.4220. Simbisa plunged 1.47% to US$0.3398. Padenga fell 0.07% to close at US$0.1400.