eBusiness Weekly
ZIMBABWE Stock Exchange (ZSE) total market value for the week rushed 10,85 percent to close at 3,63 trillion from 3,28 trillion recorded last week with Year To Date (YTD) gains at 77,7 percent.
ZSE All Share Index recorded gains up 9,8 percent landing at 43 027 points while ZSE Top 10 Index improved by 10,4 percent closing at 24 837 points.
ZSE Top 15 Index rose by 9,92 percent from 26 859 points recorded last week to 29 523 points during the week under review.
Small Caps went down 3,34 percent to close at 741 987 points during the week from 767 618 points.
Gains during the week are credited to EcoCash which closed at 7 000 cents, a 40,3 percent improvement from 4 990 cents recorded last week.
CBZ and ProPlastics closed the week up 32,2 percent at 25 300 cents and 24,2 percent at 16 995 cents respectively.
This comes as ProPlastics chairperson Gregory Sebborn said in a statement for the first quarter of the year, the power situation significantly compromised production efficiencies during the period.
Telecoms giant Econet closed positive up 23,7 percent at 29 097 cents.
Dairibord Holdings, DZLH improved by 20 percent from 11 583 cents recorded last week to trade at 13 909 cents.
The company recently revealed its intentions to grow high-quality raw milk production by supporting farmers in critical areas, including feed formulation and nutrition through its Milk Supply Development Unit.
However, further gains during the week were stalled by losses recorded by Amalgamated Regional Trading Holdings (Art) closing negative at 2 510 cents from 2 950 cents the previous week.
Zimpapers also closed down 10,7 percent from 670 cents to 598 cents during the week under review.
Nampak and Star Africa closed in the negative region down 3,4 percent and 2 percent to trade at 2 800 cents and 230 cents respectively.
On Exchange Traded Funds ETF’s gains were recorded across the board with the exception of OM ZSE Top-10 which fell by 0,9 percent to 928 cents while Cass Saddle Agric remained unchanged at 205 cents.
Datvest MCS ETF rose by 15,8 percent to 197 cents from the previous level of 170 cents.
Morgan&Co Made in Zim gained by a mild 1 percent to 200 cents while Morgan&Co Multi-Sector rose by 7,6 percent to 3 014 cents during the week under review.
Oil prices during the week recovered slightly on Thursday but were unable to claw back the more than 9% decline in the previous three days as demand concerns in major consumers overrode signals that the US may pause its interest rates increases.
Prices have plunged this week amid signs of weak manufacturing growth in China, the world’s largest oil importer, and after the US, the world’s biggest oil user, raised interest rates to their highest since 2007 on Wednesday, threatening economic growth.
