• Sun. May 26th, 2024

ZSE reverses losses, investors gain $28bn

ByEconomic Times

Apr 18, 2023

By ETimes

On Monday, equities trading at the Zimbabwe Stock Exchange (ZSE) ended bullish to halt four consecutive negative outings, as positive outings by Econet and other mid-tier stocks pushed the ZSE All Share Index upward.

Accordingly, the mainstream ZSE All Share Index appreciated by 0.12% to close at 36,218.95 points while market capitalisation increased by $28 billion to $2.99 trillion.

The Top 10 Index gained the most, up 0.85% to close at 20,886.22 points. Econet with 14.99% growth, led the gainers table to close at $189.85.

The Medium Cap Index was down 1.83% to settle at 78,936.58 points.

Construction firm Masimba led the losers’ chart in percentage terms with 11.74% to close at $147.17. Mash Holdings followed with a decline of 10.90% to close at $15.00. Edgars fell to $24.04, losing 7.50%. TSL plunged 7.46% to close at $102.52. SeedCo Limited closed at $200.00, going down by 6.98%.

Conversely, Starafrica grew by 13.05% to close at $1.93. Willdale followed with 4.56% to finish at $3.78. First Capital Bank rounded the top 5 gainers table with 1.41% to end at $29.54.

The Small Cap Index nudged up 0.08% to settle at 668,331.79 points. Bridgefort Capital added up 8.11% to end at $10.00.

Investors traded 2.6 million shares worth $642 million in 188 deals, compared with 1.77 million shares worth $754.01 million transacted in 233 deals previously.

Morgan & Co Multi Sector ETF garnered 10.84% to settle at US$29.9286. Morgan & Co Made In Zim ETF rose to US$2.0000, notching up 5.82%.

Datvest ETF plunged 0.34% to US$1.8595 while OML ETF declined by 0.21% to US$9.5412.

On the VFEX, Padenga appreciated by 10.16% to close at US$0.2200. Axia gained 0.90% to end at US$0.1000. Simbisa was up 0.11% to finish at US$0.4205.

On the flip side, Innscor Africa Limited fell 1.10% to end at US$0.6003 while SeedCo International eased 0.17% to finish at US$0.2895 – HARARE

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