ZSE back into positive territory

The local bourse swung back into positive territory in this week’s opening session with buyers strategically positioning themselves in lucrative stocks.

The positive sentiment dominated over the market breadth with 17 counters on the gainer’s chart pitted against 11 counters on the losers’ chart.

However, investors’ net worth waned by $9,88 billion to $1,68 trillion from $1.69 trillion in the preceding session.

The mainstream ZSE All Share Index recovered 0,51 percent to settle at 13,700.70 points. The Top 10 Index followed suit, rising 0,62 percent to close at 8,189.92 points.

The Medium Cap Index was up 0,29 percent to settle at 29,174.07 points. But, the Small Cap Index shed a marginal 0,09 percent to close at 489,041.05 points.

On the performance table, ART rose 14,88 percent to become the best performing stock, followed by Unifreight, Meikles, EcoCash and Proplastics as they populated the top five gainers chart.

Bridgerfort was the runt of the litter, followed by FML, First Capital Bank, Mash Holdings and Dairibord to complete the top five losers set of the day.

The market turnover declined from $247,49 million to $199,7 million in 304 deals. With regards to the value of traded stocks, Delta took the lead of the top five performers at $37,73 million. It was followed by Econet, Turnall, Hippo and Axia.

The Datvest Modified Consumer Staples ETF, Cass Saddle Agriculture ETF and Morgan & Co Multi Sector were all flat. OM ZSE Top-10 ETF added 0,21 percent to close at $5.6300.

On the flip side, the Morgan & Co Made in Zimbabwe eased 2,40 percent to end at $1.2200.-ebusinessweekly