• Tue. Apr 23rd, 2024

ZSE maintains positive rally as investors gain $213.01bn

ByEconomic Times

Mar 22, 2023

By ETimes

The Zimbabwe Stock Exchange closed Tuesday higher, lifted by gains in select heavyweights.

Market breadth closed positive as 16 stocks posted gains while 13 stocks posted declines.

At close, the ZSE All Share Index rose 6.35% to close at 38,025.14 points while market capitalisation increased by $213.01 billion to $3.35 trillion.

 Among the heavyweights, Delta and Econet garnered 12.13% and 10.09% to end at $804.00 and $284.78 respectively.

The Top 10 Index was up 8.23% to settle at 23,120.71 points although a loss of 2.25% was recorded in BAT at $2,707.50.

Hippo led the risers gaining 12.75% to $570.00. First capital Bank was 12.25% higher to $25.19. Unifreight appreciated by 11.11% to close at $70.00. As a result, the Medium Cap Index gained 2.13% to close at 71,972.52 points.

On the flip side, Willdale topped the losers table, down 7.48% to finish at $3.70. Starafrica eased 2.99% to close at $1.65. Ariston and Masimba fell 2% and 0.83% to close at $11.00 and $120.00 in that order.

The Small Cap Index surged by 0.11% to 672,090.88 points.

Turnover declined from $454.63 million in the previous session to $403.12 million mainly coming from Delta at $150.66 million and BAT at $82.84 million.

OML ETF gained the most, up 11.14% to $8.8952. Morgan & Co Made In Zim ETF gained 2% to settle at $1.4748 and Morgan & Co Multi Sector ETF added 0.39% to finish at $22.0360.

On the other hand, Datvest ETF was down 1.33% to close at $1.8505 while Cass Saddle Agriculture ETF plunged 0.55% to end at $2.0815.


VFEX All Share Index was off 0.38% to close at 97.7889 points.

Losses were recorded at Padenga and SeedCo International, which lost 4.04% and 0.18% to settle at US$0.2303 and US$0.2695, respectively.

BNC was up 5.29% to end at US$0.0199 – Harare

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