eBusiness Weekly
Business Reporter
The Zimbabwe Stock Exchange (ZSE) All Share index closed 3,65 percent weaker at 191 217 points during the week ended December 20, 2023.
Similarly, the ZSE Top 10 Index was on a downtrend over the same period, although shedding a marginal 0,96 to 783,08 points from 81 196.19 points last week.
It was the same story in the ZSE Top 15 Index, which lost 5,21 percent to 104 66,13 points from 110 385,60 points last week.
The Small Cap Index remained unchanged from last week’s level of 5 344 424 points.
The negative market performance was on the back of a 37,5 percent decline in Ariston from $64 last week to $40.
Giant beverage manufacturer, Delta, also closed in the negative, after going down 12,2 percent during the week from $3 493,92 last week to $3 067,50.
Conglomerate Meikles and First Capital Bank also ended the week in the red, after retreating by 7,69 percent and 4,89 percent to $1 200 and $904,70, respectively.
Telecoms service provider Econet Wireless Zimbabwe found the going tough losing 3,94 percent from $719,31 last week to $690,95.
However, the losses recorded during the week were somehow offset by gains in building material producer Turnall Holdings, which gained by 53,85 percent from $26 to $40.
Financial service provider, NMB Bank, rose by 17,80 percent to $680 followed by CBZ, which was up by 15 percent from $2 760 to $3 174.
CFI also improved by the same margin during the week, up 15 percent from $1 900 to $2 185.
Cafca was also amongst the top performers during the week, up 14,97 percent from $2 909,50 to $3 345.
In terms of Exchange-traded funds, Cass Saddle Agric ETF lost 14,7 percent during the week from $7,50 to $6,40.
Old Mutual ZSE Top-10 ETF however, improved by 5,81 percent from $34,50 to $36,50 followed by Morgan&Co Multi-Sector, up by 3,33 percent to $500.
Datvets MCS ETF and Morgan & Co Made in Zim remained unchanged during the week at $9 and $9,50, respectively.
Gold prices held steady above the key US$2 000 while Brent crude futures edged up US 6 cents (0,1 percent) during the week, to US$79,29 a barrel while US West Texas Intermediate (WTI) crude was at US$74,11 a barrel, up by US 17 cents.
