• Fri. Apr 19th, 2024

ZSE opens week negative, down by $123.86 billion


Mar 5, 2024 #ZSE

By ETimes

HARARE – The Zimbabwe Stock Exchange (ZSE) begins the week negative with the mainstream All Share index depreciating by 0.27% at the close of business on Monday due to losses in 14 counters.

Losses in stocks such as FBC and EcoCash, among others, led to a drop in the All-Share Index at the local bourse by 1,430.52 points to close at 521,101.97 points from 522,532.48 points in the previous session.

Similarly, maker capitalisation lost $123.86 billion to close at $41.14 trillion in contrast with $41.26 recorded on Friday.

The session yielded only 9 gainers.

The Top 10 Index suffered the most, losing 0.36% to close at 232,468.22 points.

Zimpapers, ART, Meikles and Nampak lifted the Medium Cap Index was the only gainer up 0.76% to end at 2,116,438.08 points. Zimpapers topped the gainers table, rising by 66.67% to close at $100.00 after rumoured editorial changes.

However, the Small Cap Index was flat at 12,626,424.35 points.

A total of 1.83 million shares valued at $2.81 billion were exchanged in 311 deals.

Old Mutual top 10 ETF eased $1.4178 to close at $90.0068 and Cass Saddle Agriculture ETF lost $0.0092 to $7.5808 whilst Morgan & Co Multi Sector ETF remained flat at $701.5000. Datvest Modified Consumer Staples ETF was up by $0.0626 to $19.5114 and Morgan & Co Made In Zimbabwe recovered $2.0000 closing at $21.0000.

Revitus Property Opportunities lost $7.8947 to $552.1053 whilst Tigere Real Estate Investment Trust recovered $18.9510 to close at $628.9510.

On the VFEX, Caledonia was the worst performer losing 11.11% to close at US$16.0000 after revealing that its full year (FY 2023) profit was lower due to higher operational costs and many large one-time, non-operating expenses in the latter quarter of the year.

It was trailed by First Capital Bank, which succumbed by 7.54% to close at US$0.0196. Padenga fell 0.33% to US$0.1495.

Conversely, Simbisa was up 2.81% to US$0.3511. Innscor Africa Limited added 1.67% to US$0.4495.

By ETimes

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