• Fri. Apr 19th, 2024

ZSE market cap crosses $50 trillion as anxiety over MPS continues

By ETimes

HARARE – Trading in the Zimbabwe Stock Exchange market kicked off the week on a bullish note as analysts see positive momentum continuing due to anxiety over the delayed monetary policy statement and soaring inflation.
At close, the mainstream ZSE All Share Index appreciated by 7.43% to close at 667,849.02 points.
The positive trading propelled the market capitalisation to cross the $50 trillion mark.
As measured by market breadth, market sentiment was positive, as 18 counters gained and there were no losers.
The Top 10 Index was up 8.64% to close at 307,868.65 points. The Medium Cap Index gained 2.21% to end at 2,419,502.77 points.

The Small Cap Index closed at 12,735,217.66 points, up 0.26%.

A total of 2.38 million shares valued at $6.95 billion were exchanged in 257 deals.
Old Mutual Top 10 ETF added $9.7430 closing at $115.0000, Morgan & Co Made In Zimbabwe upped $0.2500 closing at $19.5000 at $105.2570, 19.2500 and $805.5621 respectively.
Datvest Modified Consumer Staples ETF added $0.3636 to $20.3636 and Cass Saddle Agriculture ETF and Morgan & Co Multi Sector ETF remained flat.

Revitus Property Opportunities gained $9.9286 to $551.9286 whilst Tigere Real Estate Investment Trust added $7.3871 to close at $760.1871.

VFEX All Share gained 0.39% to 95.88 points. Padenga topped the gainers list, up 7.33% to end at US$0.1405. Innscor Africa Limited appreciated 1.61% to close at US$0.4474.
National Foods was 0.44% higher at US$1.2756. Simbisa added 0.02% to end at US$0.3496.

By ETimes

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