eBusiness Weekly
Business Writer
The Zimbabwe Stock Exchange (ZSE) started the week on a negative note as the All Share Index shed 0.82 percent to close at 14,534.51 points, compared to 0.50 percent depreciation recorded previously.
Accordingly, on Monday, investors lost 0.78 percent from their investments at the ZSE as negative sentiments pegged the market capitalisation at $1.82 trillion.
Market breadth, which measures the depth of investors’ faith in the market, closed on a negative note as 15 losers emerged, compared to 13 gainers.
The Top 10 Index suffered the most as it succumbed 1.03 percent to 9,569.36 points. Hippo and Delta appeared on the fallers table after falling 9.61 percent and 5.02 percent to settle at $245.12 and $210.21 respectively.
Conversely, cigarette manufacturer BAT was up 13 percent to $3667.00. BAT was the best performing stock today.
Losses in African Sun, FML and Mash Holdings saw the Medium Cap Index losing 0.27 percent to close at 24,404.38 points. Topping the loser’s set was hotelier African Sun that eased 14.96 percent to close at $7.35. FML and Mash Holdings lost 3.07 percent and 0.75 percent to end at $18.90 and $3.00 in that order.
Gains were recorded in FMP, Willdale and Masimba, which added 7.22 percent, 2.54 percent and 2.35 percent to close at $7.00, $3.02 and $53.22 respectively. Clothing retailer Edgars rounded off the top 5 gainers for yesterday. The stock rose 1.88 percent to $5.57.
The Small Cap Index was flat at 398,089.96 points.
Value of traded stocks waned by 13.97 percent in the session to stand at $476.54 million as against a value of $553.90 million in the previous trading session. Delta and Econet led on value traded at $179.62 million and $112.38 million respectively.
On ETFs, DATVEST gained 7.07 percent while the Old Mutual declined by 0.55 percent. MORGAN & CO MULTI-SECTOR also fell by 0.55 percent.
