Heavyweight gainers characterises ZSE

The country now awaits the coming in of new $100.00 notes, which the Reserve Bank of Zimbabwe (RBZ) says they are coming in to ease transacting.

This did not deter the Zimbabwe Stock Exchange (ZSE) from closing in the positive, driven by gains in heavyweight stocks

The ZSE closed midweek session on a positive note, as the All Share Index appreciated by 0.93 percent to close at 16,455.89 points as against 0.73 percent appreciation recorded in the previous session.

The session yielded 19 gainers and 13 fallers.

At the close of trade market capitalisation stood at $2.04 trillion and turnover reached $440.91 million with 10.89 million shares traded. Transactions in the shares of Delta topped the activity chart with 414 800 shares valued at $100.26 million.

The Top 10 Index settled at 10,845.86 points after a 0.97 percent rise. NatFoods appeared on the top gainers with a 14.27 percent rise to close at $2056.92.

EcoCash led the top fallers with a 4.95 percent decline to close at $71.07. Hippo lost 3.33 percent to $289.98.

The Medium Cap Index was up 0.60 percent to 27,331.61 points. Clothing retailer Edgars gained the most after garnering 18.64 percent to $5.40. African Sun added 13.62 percent to $10.43.

Gold miner Rio Zim climbed 9.09 percent to $72.00 as the company said its finalising its US$17 Million BIOX Plant Project before the end of 2022. The project will be commissioned in Q2 2022. The gold production is anticipated at 140 kilograms per month during the first phase of the project and 200 kg per month after completion of Phase 2.

Banking stock NMB fell 3.86 percent to $13.35. Mash Holdings closed 2.34 percent lower to $3.12.

The Small Cap Index recovered 7.45 percent to 446,962.15 points on Turnall which gained 18.33 percent to $7.10.

On ETFs, the Old Mutual ZSE TOP 10 lost 0.34 percent to $8.4313 while the DATVEST Modified Consumer Staples eased 0.79 percent to $1.8694. MORGAN & CO Multi-Sector fell by 1.65 percent to $14.5482.-eBusiness Weekly