ZSE turnaround continues

Trading activities on the Zimbabwe Stock Exchange (ZSE) on Friday ended on a positive note, occasioned largely by gains in select heavyweights.

The mainstream ZSE All Share Index appreciated by 9,77 percent to close at 11 557.43 points.

The market breadth was positive after 27 stocks rose and only two stocks were in the red.

Cigarette manufacturer, BAT led the price gainers’ chart, gaining 15 percent to close at $20 270.00, leaving its market capitalisation at $42,71 billion.

Delta and Econet rose 14,99 percent apiece to end at $169.15 and $78.15 respectively. Innscor added 14,98 percent to settle at $203.65.

This saw the Top 10 Index gaining the most, rising 12,88 percent to close at 6 664.89 points.

Gains in FMP lifted the Medium Cap Index as it grew 4,12 percent to 26 444.17 points. FMP was up 14,98 percent to $5.12.

On the other hand, banking counter NMB led the loser’s chart with a loss of 0,28 percent to close at $16.00. Afdis came second with 0,02 percent to finish at $299.95.

The Small Cap Index recovered 5,55 percent to end at 471 604.39 points.

NatFoods was an investor’s delight, with 10 800 shares worth $11 830,000 traded. Meikles ranked second with 95 700 shares valued at $8 582,040. Turnover for the day declined from yesterday’s $223,49 million to $41,04 million.

The Datvest ETF gained 3,86 percent to close at $1 4541 while the Morgan & Co Made in Zim climbed 3,72 percent to $1.25. Also, the OM ZSE Top-10 ETF garnered 4,24 percent to close at $4.2194. The Cass Saddle Agric ETF was flat at $2.0000.

On the flip side, the Morgan & Co Multi-Sector was off 2,54 percent to finish at $27.7324.-ebusinessweekly