Heavyweight counters lead ZSE rally

The Zimbabwe Stock Exchange rallied again yesterday with all indices closing the day in the positive territory.

The gains so the ZSE Market capitalisation close the day at $198 billion (US$2.38 billion) but is still below the year high of $228 billion (US$2,74 billion).

The ZSE All Share Index closed the day 4,96 percent firmer at 1,574.12.

Heavyweight counters led the rally with the ZSE Top 10 index gaining 6,65 percent to 1,087.24.

This was on the back of gains in big cap counters Delta up 16,17 percent to $25,24, Innscor up 11,93 percent to $21,36 and FBC up 19,19 percent to $9,50.

However, Unifreight was the day’s top riser with a 19,91 percent gain to close at $12,95.

In total 25 counters closed positive while only 4 were negative.

Star Africa was the day’s biggest loser down 4,85 percent to 17,08 cents.

Padenga, ZB Financial Holdings, and Turnall were the other losers.

More than $67,4 million was invested on the day with the bulk amounting to $17,9 million going into Innscor.

Edgars and Delta also got a sizeable chunk of $8,3 million and $7,2 million respectively.-chronicle.co.zw