ZSE, VFEX close in the red in Monday trading sessions
The Zimbabwe Stock Exchange (ZSE) witnessed a mixed trading session on Monday, with the All-Share Index declining by 0,35 percent to close at 213.15 points.
The market capitalisation dropped by 1,55 percent to ZiG 63,67 billion, signaling cautious investor sentiment.
Total value traded surged 18,41 percent to ZiG5,68 million, driven by activity in Delta Corporation, Econet and CBZ Holdings, which collectively dominated turnover.
BAT Zimbabwe led the gainers, rising 8,43 percent to ZiG 9 000.00 per share, while NMB posted a robust 12,20 percent increase, ending at ZiG 370.25.
Star Africa climbed 10,09 percent to ZiG 2.20, reflecting strong buying interest.
On the flip side, Art Corporation plunged 14,85 percent to ZiG 27.80, and Fidelity Life Assurance shed 13,21 percent to ZiG 46.00.
SeedCo International also faced significant pressure, declining 7,95 percent to ZiG 220.93.
The Top 10 Index remained relatively flat, dipping 0,03 percent to 212.26 points, as gains in BAT were offset by losses in heavyweights like Delta, which fell 0,55 percent to ZiG 1 390.84.
The VFEX All Share Index declined by 2,05 percent, closing at 101.80 points.
Market capitalisation contracted by 2,04 percent to US$1,26 billion.
Trading volume was subdued, with US$13 140.96 worth of shares changing hands.
African Sun emerged as the top performer on VFEX, surging 10,59 percent to USc2.61.
In contrast, Simbisa Brands dropped 6,33 percent to USc33.57 and Padenga Holdings fell 4,58 percent to USc18.13, dragging the market lower.
The interbank exchange rate showed marginal movement, appreciating 0,05 percent to ZiG 25.8348 per USD.
Investor focus remains on macroeconomic stability, with year-to-date market performance reflecting a cautious outlook amid persistent currency volatility.
Market participants are expected to monitor corporate earnings announcements and economic policy developments closely, with trading activity likely to remain selective in the near term.-ebsinesweekl
