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ZSE opens week with $539.37 billion loss


Sep 19, 2023

By ETimes

HARARE – The Zimbabwe Stock Exchange (ZSE), started the week on a negative note with a loss of $539.37 billion.

In summary, the mainstream ZSE All Share Index depreciated by 4.82% to close at 136,334.43 points.  

Accordingly, the overall market capitalisation value lost $539.37 billion to close at $10.86 trillion.

The market’s negative performance was driven by price depreciation in mostly heavy capitalised stocks.

The Top 10 Index suffered the most, dropping 7.56% to close at 64,139.51 points.

The Medium Cap Index gained a marginal 0.76% to end at 487,590.40 points while the Small Cap Index gained the most, up 5.34% to finish at 2,473,054.55 points.

Consequently, the market breadth closed negative, recording 11 gainers in contrast with 12 losers.

Unifreight recorded the highest price gain of 15% to close at $258.75.

CBZ led the losers’ chart in percentage terms by 13.59, to close at $1,050.41.

Investors traded a total of 956 600 shares valued at $1.03 billion in 211 deals.

Delta was the toast of investors as it traded 242 700 shares valued at $645.91 million.

By ETimes

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