• Wed. Jun 12th, 2024

ZWL slumps against USD but ZSE holds its ground

ByETimes

Nov 8, 2023

By ETimes

It was another positive day for the Zimbabwe Stock Exchange on Tuesday as it closed higher by 1.48% lifted mostly by CBZ and select medium-cap stocks.

This comes as the Zimbabwean dollar lost ground again against the greenback at Tuesday’s auction. It depreciated 0.35% to $5,738.72 to the US dollar in Tuesday’s trade.

At the close of business, the ZSE All-Share Index (ASI) appreciated by 2,490.23 points to 170,207.41, and the market capitalisation increased by $196.93 billion to $13.59 trillion.

Foreigners mostly sold at $176.44 million against buys of $38.30 million.

During the session, investors transacted 4.44 million shares worth $2.23 billion in 193 deals.

Investor sentiment remained at the stock exchange as there were 15 price gainers and 4 price losers, indicating a positive market breadth.

CBZ was the top blue-chip performer, gaining 6.29% to $2,072.72. The Top 10 jumped 1.63% to close at 76,166.64 points.

Conversely, SeedCo Limited topped the losers set, plunging 14.83% to close at $860.18.

The Medium Cap Index went up 1.18% to end at 674,602.15 points on TSL, which was 15% higher at $787.55.

The Small Cap Index was flat at 5,336,399.65 points.

Morgan & Co Multisector ETF was $16.3162 up at $286.0000.

 Cass saddle Agriculture ETF, Datvest Modified Consumer Staples ETF and Morgan & Co Made In Zimbabwe remained unchanged at $7.2507, $7.3000 and $6.7900 respectively.

OLd Mutual Top 10 ETF shed $0.3269 to $34.6731-HARARE

By ETimes

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