Stock Market Weekly Review

17 Nov, 2023 - 00:11 0 Views
Stock Market Weekly Review The Zimbabwe Stock Exchange

eBusiness Weekly

The Zimbabwe Stock Exchange closed the week to Wednesday, November 15, 2023, in positive territory after the All Share Index added 2103,66 points to close at 174,221,66 points.

The ZSE Top 10 Index closed at 75 329,66 points from 76, 741,09 points recorded last week while the ZSE Top 15 closed at 103 025,80 points, a 9,41 percent improvement from last week’s level.

Trading in the positive was Afdis, which closed at $2100 and First Mutual Holdings which rose to $950.

This comes as insurance service provider First Mutual described the operating environment as stable during the third quarter of 2023 following policy intervention measures instituted by the Government to tackle price and exchange rate volatility.

The company said although the measures resulted in stable market conditions the gap between the official and parallel rates was increasing.

Conglomerate Meikles also traded in positive territory at $1 041,48 while beverage manufacturer Delta closed the week at $3 292,30.

Trading in the negative, CBZ shed $120 to $1 980during the week from $2 100 recorded last week.,

Hippo also lost $147 to close at $1 852 during the week while Unifreight eased $8 to $250.

Mashonaland Holdings decreased by $5 to $140 while Nampak closed at $334. This was a 0,5 percent decline from last week’s level of $137.

Brent futures slipped 72c to $80.46 a barrel while US West Texas Intermediate crude (WTI) shed US$0,67 to US$75,99 a barrel.

Moving on, Gold prices inched higher on Thursday, as Spot gold gained 0,1 percent to US$1 961,81. US gold futures were flat at US$1 964,60.

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