ZSE wishes investors happy new as 2022 closes with gains

The Zimbabwe Stock Exchange (ZSE) closed the year with daily gains bringing the curtain down on a tough trading year.

The All Share Index gained 1084.62 points representing a 5,89 percent increase to close the year at 19 493.85 points.

Leading the movers was conglomerate Innscor, which is trading under a cautionary as it seeks to delist from the ZSE and relist on the VFEX added $88.60 to $713.67, and diversified agro firm CFI Holdings increased by $53.70 to $411.70.

The country’s largest mobile telecoms firm by subscribers, Econet Wireless, added $12.13 to close the day with a price of $96.28 per share.

CBZ Holdings, which is seeking to acquire a significant stake in First Mutual Holdings, closed the year with a gain of $11.00 to close at $135.00 per share, whilst Meikles was up $8.07 at $112.00 as the company seeks to increase its footprint in the retail sector.

The last trades of 2022 closed with only three fallers, which included the largest listed firm by valuation, Delta.

Leading the shakers was Mash Holdings as it saw its share price reduce by $0.34 to close the year $9.25. Delta lost $0.08 to $359.77 as Zimplow went down $0.05 to trade at $17.00 per share.

In the derivatives market, Old Mutual ZSE Top 10 was $0.10 up at $6.44 whilst Cass Saddle Agriculture ETF, Morgan & Co Made in Zimbabwe ETF and Morgan & Co Multi Sector ETF did not see any trades on the last day of the year as they remained flat at $1.80, $1.14 and $23.00 respectively.

Datvest Modified Consumer Staples ETF was the sole loser of the session as it lost $0.03 to $1.56.

The first listed REIT, the Tigere Real Estate Investment Trust, retreated $2.02 to close the year at $40.98.-ebusinessweekly