ZSE opens week bullish
RioZim was the top riser in yesterday’s trading on the Zimbabwe Stock Exchange rising by 19, 23 percent to close the day at $62, a 55 percent gain since the beginning of the year.
RioZim’s performance comes on the back of firming global commodity prices owing to the Russia –Ukraine conflict which has disrupted normal supply chains around the globe.
The group operates business units that extract gold, base metals, chrome, and diamonds.
The other four companies in the top five were Afdis, Axia, First Mutual Properties, and Mashonaland Holdings.
Following RioZim is Afdis which moved 18, 18 percent in the positive to end the day trading at $260 while Axia moved to $65, 83 a translation of a 10, 91 percent growth.
First Mutual Properties was 794 percent better to close the day at $7,55 whilst Mash Holdings share price modestly rose by 21, 87 cents to close the day at $3.
First Mutual Properties and Mash Holdings performance in the property segment could be reflective of the booming property business in the country lately.
African Sun which is part of the tourism and hospitality sector continues to bear the brunt of a semi-closed tourism industry due to Covid-19.
As such, the company was the biggest loser during yesterday’s trading, shedding 9, 31 percent to $5, 80 as was Truworths which retreated 6, 17 percent in the negative to end thedayat $1, 54.
Tanganda shed its price by 4, 11 percent in the day’s trading to $85 per share but saw a 26, 8 percent rise on the year-to-date performance.
GB Holdings eased 2, 72 percent to end the day’s trading at a $1, 64 per share while NMB price dropped by 2, 06 percent to sit at $11, 75 per share by end of trading.
Axia and Simbisa ascended by 122 and 108 percent better than their comparable period last year’s prices respectively to $66, 83 and $18, 8.
Afdis year-to-date performance saw the company seat on number four top riser,with a price 108 percent better than the same period last year while Innscor’s performance scaled by 91 percent.-eBusiness Weekly
