Stock Market Weekly Review

26 Jan, 2024 - 00:01 0 Views
Stock Market Weekly Review ZSE

eBusiness Weekly

Malvern Nkomo

The Zimbabwe Stock Exchange closed positive during the fourth week to Wednesday 24 January, with the primary indicator, the ZSE All Share index adding 29,67 percent from 302 788,42 points last week to 392 630,51 points.

The ZSE Top 10 Index also closed positive during the week, up by 30,53 percent to close at 178 727,74 points. Meanwhile the ZSE Top 15 Index also managed to close in the green, adding 56 272,37 points from 183 424,16 points last week to 239 969,53 points.

The Small Cap Index was up by an impressive 67,04 percent from 5 900 655,38 points last week to 9 856 205,31 points.

In line with the recorded gains, the total market capitalisation added 30,95 percent, from $24,36 trillion last week to $31,9 trillion.

This week’s positive performance is credited to BAT which managed to scoop the best performer’s position this week, after its share price more than double from $14 982,50 last week to $30 125,70.

Masimba also closed positive during the week, up by 88,52 percent to settle at $2 300 followed by Tanganda which improved by 87,97 percent to $2 135,20.

FBCH managed to close in the green adding 86,67 percent during the week under review, to close at $1 717,49 from $920,05 last week. To wrap up the top five performers list, Proplastics closed at $1 300, a 75 percent improvement from last week’s level of $739,45.

The week only had two losers with sugar processor Star Africa being the hardest hit to close at $8,90 from $9,43 last week representing a 5,52 percent decline.

ZHL lost a marginal 0,9 percent during the week to trade at $172,24 from $173,80 last week.

On Exchange Traded Funds Cass Saddle Agric ETF rose by 14,85 percent during the week under review from $6,33 to $7,27 while Datvest MCS ETF improved by 3,46 percent to trade at $13,22.

Morgan&Co Made in Zim added 122,8 cents or 12 percent from $9,50 last week to $1 073 during the week under review.

Morgan&Co Multi-Sector closed the week down by 0,2 percent to trade at $512,98 from $514 last week
Old Mutual ZSE Top-10 ETF managed to close in the green, up by 33,79 percent from $48,95 to $65,49.

On the United States Dollar market, the Victoria Falls Stock Exchange (VFEX) stocks made a recovery from last week’s slight decline with only 3 counters closing in the negative territory.

Seed Co International was the top riser on the VFEX this week, up by 20 percent from US 24 cents to US28,8 cents followed by Simbisa which improved by 15,27 percent during the week to close at US 35,02 cents.

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