• Mon. Mar 4th, 2024

ZSE maintains positive trend, up $2.69bn

ByEconomic Times

Jan 11, 2023

By ETimes

The Zimbabwe Stock Exchange closed Tuesday’s session on a positive note, as the mainstream ZSE All Share Index rose 1.12% to finish at 21,837.29 points.

This was against Monday’s trading session, which closed at 21,595.83 points.

Market breadth strengthened as 16 stocks advanced against the 3 decliners.

Banking counter FBC recorded the highest price gain of 15% to close at $58.65. This saw the Top 10 Index rise 0.53% to end at 13,849.96 points.

On the flip side, Axia led the losers’ chart by 3.51% to close at $99.93. EcoCash followed with a decline of 1.78% to close at $58.76 and Innscor shed 0.91% to close at $700.64.

The Medium Cap Index gained the most, up 2.87% to close at 40,973.95 points. Milk processor Dairibord was up 14.78% to settle at $44.00. Logistics firm Unifreight gained 14.23% to close at $59.00. Mash Holdings climbed by 14.03% to close at $8.50.

Hippo added 13.63% to finish at $250.04.

Losses were recorded in African Sun and Starafrica which eased 1.94% and 1.26% to close at $25.25 and $2.05 respectively.

The Small Cap Index remained flat at 454,194.57 points.

Market turnover increased from $401.20 million yesterday to $525.69 million today.Transactions in the shares of Delta topped the activity chart with 340,600 shares valued at $143.02 million. Innscor followed with 110,700 shares worth $77.56 million.

Consequently, market capitalisation increased by $2.69 billion to $2.31 trillion.

Advertisement

Old Mutual ZSE TOP 10 was up $0.3616 to $7.6309, CASS Saddle Agriculture added 0.0500 to $1.8500, Morgan & Co Multi Sector was up $0.9830 at $22.8654 and Datvest Modified Consumer Staples increased by $0.0134 to $1.5134.

Morgan & Co Made In Zimbabwe remained flat at $1.3000.

TIGERE Real Estate Investment Trust gained $0.0367 to $54.1467 – Harare

Leave a Reply

Your email address will not be published. Required fields are marked *