malvernmugadzikwa
Business Writer
Trading in heavy caps remained strong helping the market maintain a positive trajectory in the holiday shortened week.
Total market value rose by 36 percent to close the week to Thursday at $2,812 trillion.
Weekly turnover totaled $1,553 billion with an average daily value traded at $388,2 million.
In terms of volumes, a total of 14,48 million shares exchanged and averaged 3,62 million shares per day.
Week on week, the primary indicator, the ZSE All-Share Index closed 33 percent higher at 22,149 points while the market’s heavies, the ZSE Top 10 Index rose 33 percent to close pegged at 14,721 points.
Axia, Ecocash and Tanganda closed with gains of 62,48 percent, 56,56 percent and 50,58 percent respectively, to emerge the week’s largest gainers.
On the other hand, Unifreight, FMP and Turnall with losses of 19,7 percent, 4 percent and 2 percent respectively, recorded the most significant losses in the week.
Figures from the market show that activity was highest in Econet, Delta and Hippo, which accounted for 21,94 percent, 21,83 percent and 15 percent respectively.
Bongani Ndlovu