eBusiness Weekly
The Zimbabwe Stock Exchange (ZSE) closed negative during the week to Wednesday 19 July with a market capitalisation at 10,9 trillion which is a 7,9 percent decline from $10 trillion posted last week.
The ZSE all share Index plunged 6,7 percent at 126 015 points while ZSE Top 10 Index closed 8,5 percent weaker closing at 59 161 points during the week under review.
ZSE Top 15 Index also closed in the negative territory down 7 percent from 87 879 points last week to 81 716 points.
Small Caps during the week closed negative down 2,8 percent closing at 2 100 069 points.The ZSE closed negative on account of declines in OK Zimbabwe plunging 21,6 percent during the week under review to trade at $177,12.
Diversified media group Zimpapers closed 23 percent weaker during the week from $13 recorded last week to $10 during the week under review.
Art also closed negative at $51 which was a 26 percent decline from $69 last week.
FML during the week closed in the negative territory, plunging 27,4 percent to trade at $192,01.
NMB recorded the largest losses, down 38,3 percent during the week to trade at $150,06.
However, further losses were offset by gains in Fidelity Life, posting a 14 percent improvement from $92 last week to $105,05.
Masimba rose to $904,42 during the week, a 14 percent improvement from $793,52.TSL improved by 13 percent to trade at $610 while Mash Holdings went up by a mild 9,3 percent to $111,79.
RTG closed at $117,67 from $114,62, representing a 2,7 percent improvement during the week under review.
The listed entity in its 2022 annual report, said it posted revenues of $24,5 billion in the period under review, which was an increase of 131 percent when compared to 2021.
The group chairman, Douglas Hoto said the group’s financial positions remain strong.
During the week all Exchange Traded Funds (ETF’s) closed negative with Old Mutual ZSE Top-10 ETF recording the largest losses, down 27,7 percent to trade at $24,93.
Cass Saddle Agric ETF was the second top loser on ETF’s shedding 11,4 percent to settle at $5,94.
Datvest MCS ETF closed at $9,20 from $10 recorded last week, while Morgan&Co Made in Zim went down 6,2 percent to $6,56.
Morgan&Co Multi-Sector closed 2 percent weaker from $240 last week to $235.
Oil prices were little changed on Thursday, as a lower-than-expected drop in US crude inventories and a potentially weaker demand outlook kept investors cautious.
September Brent futures dipped US$0,02 to US$79,44 a barrel, while August US West Texas Intermediate (WTI) crude rose US$0,01 to US$75,36 a barrel.
