Activities remain subdued at ZSE

Business Writer

Equities on the Zimbabwe Stock Exchange (ZSE) remained muted with the ZSE All Share Index adding just 2,14 points or 0,02 percent to close the trading session at 13,772 points.

The ZSE Top 15 Index and Medium Cap put on marginal gains of 0,06 percent to 8 834 points and 0,32 percent to 32 852 points respectively.

On the downside was the ZSE Top 10, which eased 0,11 percent to 7 809 points while the Small Cap gave up 1,47 percent to 504 759 points.

The Mining Index of one active counter – RioZim was flat at 25 478 points.

Mashonaland Holdings led risers with a 9 percent increase to $9 followed by Edgars which rose 5 percent while Star Africa, FMP and Axia followed with increases of 2,7 percent, 2,5 percent and 1,8 percent respectively.

Further gains were mitigated by losses in Truworths which fell 10 percent while FCB gave up 9 percent. Willdale, EcoCash and Meikles eased 3 percent, 2 percent and 0,9 percent in that order.

Delta was the biggest value driver accounting for $605 million, followed by Econet at $312 million while EcoCash accounted for $206 million. Simbisa accounted for $72 million while Innscor completed the top five value drivers accounting for $26 million.

On the Exchange Traded Funds (ETF), Morgan & Co Made in Zimbabwe gained 2,7 percent followed by Morgan & Co Multi Sector which added 1,9 percent.

The Old Mutual ZSE Top 10 shed 9 percent while the Cass Saddle Agriculture ETF and Datvest Modified Consumer Staples ETF remained flat.