• Mon. Mar 4th, 2024

ZSE takes a breather as investors cash early gains

ByEconomic Times

Oct 1, 2022

By ETimes

The ZSE All Share index took a breather on Thursday as it closed half a percent lower at 14 937.06 after all the indices closed in the red.

Trading in the negative was fast foods firm Simbisa Brands which is trading under a cautionary note as it is looking to delist from the bourse and list on the VFEX plunged by $11.11 to end the session at $159.23.

Banking stock CBZ Holdings saw its share value decrease by $7.50 to $140.00 whilst Ecocash Holdings slumped by $4.64 to close at $55.47. Tea and horticulture producer Tanganda closed the session $3.37 lower at $79.998.

Also on the losing side was seed wholesaler Seed Co which eased $3.01 to end at $110.0.

Trading in the positive was cigarette manufacturer and tobacco processor BAT which added $241.12 to see its share price rise to $2,978.6670. National Foods went up by $99.02 to $1 200 whilst construction firm Masimba gained $7.40 to $64.90.

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Logistics firm Unifreight traded $5.07 higher in the session at $48.07 while Delta rose by $3.13 to $259.33.

In the derivatives market the Morgan & Co Multisector ETF dropped $1.50 to $27.00 as the Old Mutual ZSE TOP 10 ETF decreased by $0.02 to $5.19. Cass Saddle Agriculture ETF and Morgan & Co Made in Zimbabwe ETF remained flat at $1.80 and 1.30 respectively.

Datvest Modified Consumer Staples ETF was the only gainer in the category as they added $0.1947 to $1.80-HARARE

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