• Sun. Apr 14th, 2024

ZSE market cap crosses $3 trillion mark

ByEconomic Times

Mar 21, 2023

By ETimes

The Zimbabwe Stock Exchange (ZSE) on Monday opened trading on a positive note, with the market capitalisation crossing $3 trillion.

At close, the ZSE All Share Index rose 6.05% to close at 35,753.99 points while market capitalisation gained $189.71 billion to close at $3.14 trillion.

Market breadth closed positive with 21 gainers against 2 losers.

Gains in Econet and EcoCash saw the Top 10 Index rise the most, up 6.89% to end at 21,362.03 points.

EcoCash led the flock of gainers, appreciating by 14.94% to close at $83.23. Econet was up 10.02% to end at $258.69.

BAT appeared on the losers’ table, falling 0.01% to close at $2769.85.

The Medium Cap Index recovered 3.08% to close at 70,468.80 points. First Capital Bank, Willdale and Meikles gained 14.80%, 14.26% and 13.78% to settle at $22.44, $3.99 and $310.00 respectively.

ZHL was the worst-performing stock, declining by 0.19% to finish at $11.40.

Market turnover declined by 58.2% to $454.63 billion from $1.08 billion. Trades stood at 268.

Transactions in the shares of SeedCo Limited topped the activity chart, with 1.12 million shares valued at $246.87 million.

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Econet followed with 206,900 million shares worth $53.52 million.

Cass Saddle Agriculture ETF went up 1.12% to close at $2.0932 while Morgan & Co Made in Zimbabwe added 0.40% to finish at $1.4457.

OM ZSE Top-10 ETF suffered the most, falling by 0.95% to close at $8.0035. Datvest Modified Consumer Staples ETF plunged 0.18% to close at $1.8755.

Morgan & Co Multi Sector remained unchanged at $21.9493.

Tigere REIT rose 0.08% to $50.6200.

The VFEX All Share Index was off 0.05% to close at 98.1663 points.

Losses were recorded in Bindura and Padenga which fell 5.02% and 3.8% to close at US$0.0189 and US$0.2400 respectively.

Conversely, Simbisa gained 2.50% to end at US$0.4250 – HARARE

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