eBusiness Weekly
Malvern Nkomo
Stocks on the Zimbabwean dollar bourse, the Zimbabwe Stock Exchange(ZSE), managed to secure gains during the week to Wednesday 11, October, with the primary indicator ZSE All Share Index closing positive up 5,5 percent to close the session at 135 904 points.
This was an improvement from 128 803 points recorded last week.
ZSE Top 10 Index firmed 5,8 percent during the week to 61 110 points while the ZSE Top 15 Index rose by 4,9 percent to settle at 92 930 points.
Small caps also closed positive during the week, adding 189 388,51 points (6,7 percent) to 3 026 979 points from 2 837 591 points.
The overall market breadth during the period under review was positive with 21 advances, 9 declines and 17 counters registering no change.
During the week, trading in the positive was CBZ, adding $716,25 (78,4 percent) during the week from $913,75 recorded last week to $1 630.
Nampak was the second top performer during the week, up 43 percent to trade at $3 600 followed by FML recording a 33,9 percent gain from last week’s level of $280 to trade at $375.
NMB also closed positive during the week, up 16,5 percent at $289 while ZBFH went up 14,7 percent to trade at $688.
On the top losers, Masimba recorded the largest losses, down 13,5 percent at $695,91 followed by BAT, down 5 percent to trade at $15 154,60.
SeedCo was also on the list, shedding 2,6 percent during the period under review to trade at $625,01 from $642,00.
Edgars lost $2,34 during the week, a 2,4 percent decline from last week’s level, to trade at $100,17.
OK Zimbabwe closed the week 2 percent weaker from $137,88 last week to trade at $135,12.
On Exchange Traded Funds (ETF’s), Cass Saddle Agric ETF closed negative, recording marginal losses of 0,01 percent during the week from $7,22 to $7,23.
Datvest MCS ETF closed positive up 11 percent from $6,93 last week to $7,70.
Moegan&Co Made in Zim closed in the negative territory, down 1,5 percent to settle at $7,78 while Morgan&Co Multi-Sector closed positive during the week, up 14 percent to trade at $251.
OM ZSE Top-10 ETF closed 3,3 percent weaker during the week from $30 last week to $29.
Spot gold rose to US$1 877,67 per ounce on Thursday, its highest level since September 29. US gold futures were up 0,2 percent at US$1 890,80.
Oil prices fell for a third day on Thursday with Brent futures recording a 0,5 percent decline to US$85,39 a barrel while US West Texas Intermediate crude retreated 0,63 percent, to US$82,96 a barrel.
