• Sun. May 26th, 2024

ZSE opens week bullish as EcoCash leads gainers

ByETimes

May 13, 2024 #ZSE

By ETimes

HARARE – Equities trading at the Zimbabwe Stock Exchange started the week northward as the All-Share Index appreciated by 0.25% to close at 94.24 points amid uncertainty in the market.

This comes as a series of measures instituted by authorities to foster ZiG acceptance in the market. However, there are a few ZiG notes circulating, and analysts fear this will see the greenback remain the currency of choice.

The Top 10 Index is up 0.49% to close at 92.23 points.

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As measured by market breadth, market sentiment was positive, as 7 counters gained relative to 4 losers.

Accordingly, the Medium Cap Index was up 0.30% to close at 96.17 points. The Small Cap Index was flat at 100.00 points.

Investor’s wealth declined 2.54% to ZIG26.91 billion. In the same vein, market turnover fell 13.87% to ZiG4.43 million.

By ETimes

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