eBusiness Weekly
Malvern Nkomo
The Zimbabwe Stock Exchange (ZSE) All Share Index closed positive during the week to Thursday 24 August up 1,82 percent at 121 158 points from 118 988 points last week.
The ZSE Top 10 Index also closed positive during the week, up 2,99 percent to 57 192 points while the ZSE Top 15 Index rose 3 percent to 78 226 points.
Small Cap remained unchanged, closing at 2 293 786.
The total market cap during the period under review closed 1,85 percent stronger at $9,62 trillion with year to date gains at 370,6 percent.
The positive performance during the week is credited to Nampak which paced the fastest, gaining 20,5 percent to trade at $147 from $122 recorded last week.
DZLH was the second top performer, up 19,9 percent at $565,42 followed by beverage manufacturer Delta at $2 191,46 from $1999,37.
Rainbow Tourism Group (RTG) closed up 7,5 percent during the week to settle at $145,10 from $135.
Afdis wrapped up the top five performers list up 5,4 percent to trade at $1686,32.
On the flip side, the largest losses during the week were recorded by Masimba, shedding 43,2 percent from $897,80 to $510.
Star Africa closed 11,8 percent weaker followed by CBZ, down 11,7 percent to trade at $5,00 and $800 respectively.
Tanganda also closed in the negative territory down 7,96 percent from $1 026,57.
Seed Co dropped 3,4 percent to trade at $1 098,99 from $1 138,26.
On Exchange Traded Funds, the Cass Saddle Argic ETF recorded the largest gains during the week, up 14,9 percent to trade at $7,25 followed by the Morgan&Co Made in Zim ETF up 10 percent to trade at $5,50.
The Datvest MCS ETF closed negative during the week, down 13,2 percent to $5,90 from $6,80 recorded last week.
Morgan&Co Multi-Sector ETF closed in the negative territory, plunging 5,56 percent to settle at $170 from $180 last week.
Old Mutual ZSE Top-10 ETF realised a marginal loss of 0,66 percent during the week, from $23,65 last week to $23,49 during the week under review.
On the United States Dollar bourse, the Victoria Falls Stock Exchange, Axia was up 4,5 percent at US 5,6 cents followed by Innscor up 3,4 percent to trade at US 41 cents.
Simbisa closed positive up 3,14 percent during the week from US 36,26 cents to trade at US 37,4 cents.
However, losses during the week were recorded by African Sun down 16 percent to US 3,19 cents from US 3,8 cents followed by Natfoods down 3,66 percent to US 201 cents.
Meanwhile in global commodities, brent crude climbed 0,1 percent on Thursday, to US$83,27 a barrel, after dropping to US$82,57 earlier in the session. US West Texas Intermediate (WTI) crude rose by 4 cents to US$78,93 a barrel, after falling to US$78,22.
Gold prices climbed to two-week highs on Thursday, a retreat in the US dollar and treasury yields revived investors’ appetite for bullion as they await the interest rate signal.
Spot gold rose to US$1920,60 per ounce, hitting its highest level since August 10. US gold futures were flat at US$1 948,70.
