• Wed. Sep 27th, 2023

ZSE reverses losses, investors gain $76.87bn

ByEconomic Times

Feb 21, 2023

By ETimes

Zimbabwe’s equity investors gained about $76.87 billion as the market opened the new week in green, signifying the reversal of a five-day losing streak.

The mainstream ZSE All Share Index climbed by 1.17% to close at 27,620.13 points, while market capitalisation increased to $2.99 trillion from $2.91 trillion in the previous session.

The Top 10 Index gained 0.61% to close at 16,746.74 points on Delta, which put on 7.95% to end at $539.75.

CBZ was the worst performer, down 12.19% to end at $122.93. EcoCash followed, slumping 11.54% to close at $62.36. OK Zimbabwe plunged 5.05% to settle at $51.73.

The Medium Cap Index recovered 2.58% to close at 58,34779 points. African Sun topped the gainers set, up 14.97% to close at $71.29. Zimre rose 14.29% to $10.00. Dairibord was up 13.92% to close at $90.00.

RTG added 9.09% to close at $11.00.

Losses were recorded in Meikles and Starfarica, which lost 5% and 2.43% to finish at $190.00 and $1.68, respectively.


 

The Small Cap Index remained flat at 566,763.63 points.

Market turnover declined 89.39% to close at $407.11 million, down from $3.83 billion previously.

Transactions in the shares of Econet topped the activity chart with 1,83 million shares valued at $313.52 million. Delta followed with 89,900 shares worth $48.52 million.

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Datvest Modified Consumer Staples ETF increased by $0.0760 to $1.7000.

Old Mutual’s ZSE Top 10 fell further by $0.9474 to $8.0553.

Morgan & Co Multi Sector ETF and CASS Saddle Agriculture ETF are unchanged at $21.5000 and $2.2500, respectively. Morgan & Co Made In Zimbabwe ETF gained $0.0500 to $1.4000 – Harare

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