ZSE remains bullish on blue chip gains
ZIMBABWE Stock Exchange (ZSE) All Share index gained 2,95 percent to close Tuesday’s trades at 11,120.98.
The ZSE Top 10 index moved 3,60 percent in the positive to 6,849.10.
By value, the ZSE’s market capitalisation now stand at $1,35 trillion up 325 percent from a value of $317 billion at the beginning of the year.
Cassava dominated the trading business on bourse with a 20,64 percent bump-start fresh from its two-week suspension from trading.
Delta and Axia gained 8,60 and 8,17 percent on the bourse, while Truworths and African Sun improved 6,71 percent and 6,12 percent respectively to complete the list of top five risers of the day.
British African Tobacco led the top five fallers after dropping 20 percent. Mashonaland Holdings’ performance dipped by 7,40 percent whilst Hippo and CBZ shed 5,67 percent and 4,94 percent respectively.
ZBFH performance on the bourse waned by a meagre 2, 64 percent to $82,80.
The Small Cap index posted an 2,05 percent gain as the medium capital companies moved modestly to close the day with a 1.64 percent in the positive.
Innscor was the most favoured by investors as it received the biggest amount of $50, 3 million while Delta followed with $40, 5 million having been invested. Simbisa got $30, 2 million.
Axia and National Foods also got sizeable amounts of $28 million and $21, 7 million respectively.
Unifreight remained the market best performer with an 18 717 percent gain year-to-date.
At a 6 228 percent gain, Getbucks was the second best performer.
The resurgent CFI also showcased good year-to-date performance at 5 712 percent.
National Tyre Service and National Foods at 3 069 and 2 640 percent anchored the top five
year to date performance respectively.-eBusiness Weekly
