• Sun. Apr 14th, 2024

ZSE opens week with marginal gain

ByEconomic Times

Dec 6, 2022

By ETimes

The stock market resumed transactions for the week on Monday with a marginal growth of 0.07%, amid cautious trading.

Specifically, the market capitalization increased $347.52 million to close at $1.63 trillion. Also, the All-Share Index appreciated by 10.71 points to close at 14,845.17 points from 14,834.46 points posted on Friday.

The uptrend was impacted by gains recorded in mid-tier stocks and select heavyweights.

As measured by market breadth, market sentiment was positive, as 14 stocks lost relative to 13 gainers.

The Top 10 Index climbed by 0.33% to close at 8,701.17 points. Innscor, which declared the first US dollar dividend, garnered 1.17% to end at $348.14.

Associated Bus Company dominated the gainers’ chart in percentage terms, rising 18.75% to close at $143.75. GetBucks gained 2.90% to close at $21.80, while SeedCo gained 2.24% to $75.29. Banking counter NMB gained 1% to close at $31.00.

On the negative side, Dairibord led the losers’ chart by 4.07% to close at $35.9. Mash Holdings followed with a decline of 3.13% to close at $17.96. Axia lost 1.11% to close at $63.01 while Tanganda shed 0.64% to close at $80.47. As a result, the Medium Cap Index retreated 0.30% to finish at 33,187.54 points.

The Small Cap was off 1.53% to close at 465,222.42 points on Edgars which eased 0.96% to end at $8.04.

Market turnover rose fivefold to $998.19 million. Transactions in the shares of Mash Holdings topped the activity chart with 44.45 million shares worth $798.57 million.

Morgan & Co Multi sector ETF was up $0.1098 at $21.1968, Old Mutual ZSE TOP 10 ETF added $0.2368 to $5.9500 and Morgan & Co Made In Zimbabwe ETF remained flat at $1.3800. CASS Saddle Agriculture was unchanged at $0.1825. Datvest Modified Consumer Staples ETF gained $0.0070 to $1.6800-HARARE

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