• Fri. Apr 19th, 2024

ZWL slips further at black market but ZSE holds its ground


Jan 4, 2024

By ETimes

Investors on the local bourse gained on Wednesday as the mainstream All-Share Index increased by 1,40 percent to close at 213,789.52 points.

Today’s performance comes as black market rates continue to shoot up, with the local unit trading at 11,500x against the US dollar. Also, some retailers are no longer accepting the Zimbabwean dollar but preferring the greenback.

Usually around this time, there is a high demand for US dollars, especially to pay fees. Officially, the ZWL is trading at 5 903,38 to the US dollar.

As measured by market breadth, market sentiment was positive as 14 counters gained relative to 4 losers.

Equities investors, therefore, earned $768,47 billion on the second trading of the year as the market capitalisation to close at $17,81 trillion.

Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 114,65 percent.

A total of 1,88 million shares valued at $1,37 billion were exchanged in 273 deals.

OK Zimbabwe led the volume chart with 607,000 shares traded while Delta led the value chart with deals worth $787,90 million.

Datvest ETF gained 11,47 percent to end at $10,0000. Cass Saddle Agriculture ETF added 5,80 percent to close at $5,9462. OML ETF was 0,97 percent lower at $40,6008. Morgan & Co Multi Sector ETF plunged 0,96 percent to finish at $515,0000. Morgan & Co Made In Zim ETF was flat at $9,5000.

Tigere REIT lost 2,02 percent to end at $339,4862. Revitus REIT was flat at $400,0000.  

On the VFEX, First Capital Bank Limited topped the gainers chart up 5 percent to end at US$0,0231. Innscor Africa Limited added 2,33 percent to finish at US$0,4593.

Simbisa gained 0,58 percent to close at US$0,3269. SeedCo International was 0,03 percent higher at US$0,3095.

NatFoods was the worst performer, falling 14,70 percent to close at US$1,2325. Padenga followed, slumping 8 percent to settle at US$0,1597. Axia shed 3,73 percent to close at US$0,0902 – HARARE

By ETimes

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