• Mon. Jul 22nd, 2024

ZSE maintains positive trend as investors gain $152.4bn

ByEconomic Times

Feb 8, 2023

By ETimes

The Zimbabwe Stock Exchange ended Tuesday’s session on a positive note, as market capitalisation gained $152.41 billion to close at $2.88 trillion, up from the $2.73 trillion recorded in the previous session.

Today’s performance comes as the Zimbabwe dollar continues to lose ground against the US dollar at the Reserve Bank of Zimbabwe’s weekly foreign currency auction, with the latest on Tuesday seeing it shed 3.63%.

The local unit depreciated from 801.6023 to 831.8147 per US dollar.

A total of US$19.17 million was allotted to 504 bidders at both the main and small enterprise auctions.

At the close of trading, the ZSE All Share Index rose by 5.18% to close at 26,658.62 points.

Market breadth closed positive with 24 stocks advancing while 2 were on the laggards’ list.

CFI, Delta and Bridgefort Capital led the gainers table, increasing by 15% each to close at $494.50, $565.20 and $9.20 respectively.

The Top 10 Index was the highest gainer, up 7.31% to close at 16,671.77 points.

First Capital Bank followed with a growth of 12.53% to close at $17.06. The Medium Cap Index was up 1.33% to end at 52,103.25 points.

Mash Holdings, on the other hand, topped the losers chart, falling 7.94% to close at $8.00.Willdale trailed with a loss of 0.20% to close at $2.99.

Truworths rounded off the gainers’ table, up 12% to close at $2.80.

The Small Cap Index recovered 1.15% to finish at 508,840.28 points.

Market turnover rose 224.9% to $1.36 billion in 302 trades. Transactions in the shares of OK Zimbabwe topped the activity chart with 13,772,300 shares valued at $662,212,700.

Innscor followed with 477,400 shares worth $386,720,700.

The Datvest ETF was 3.15% higher at $1.5733, Morgan & Co Made In Zim ETF gained 0.10% to close at $1.3014 and Morgan & Co Multi Sector ETF recovered 1.35% to end at $25.0000. OML ETF added 3.39% to finish at $7.9721.

The CASS Saddle Agriculture ETF was flat at $2.2500.

Tigere REIT was also flat at $50.6200 – Harare

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