ZSE market cap hits US$14 billion mark

Business Writer

The All Share Index opened the week in the positive, as it added 0.14 percent to end the session at 15,131.09 points driven by gains in Mid-Caps.

This comes as the market cap was up 0.04 percent to close at $1.89 trillion which translates to US$14.9 billion at the prevailing exchange rate of 127.4864.

Lafarge Cement added an impressive 10.49 percent to close with a share price of $127.2800, as FBC Holdings soared 7.95 percent to close the day at $35.6250.

Diversified consumer goods retailer, Axia rose by $2.0753 to end at $60.1282 together with Medtech class B which increased to $34.0000 by $2.0000.

Gains were offset by SeedCo Limited which lost $10.1344 to close the day at $184.8667 as spirit and cider maker AFDIS fell by $8.2973 to $211.7027. Heavyweight counter, Delta dropped $1.8357 to $228.4295 with Econet closing the session $1.1338 lower at $137.2458.

Telecomms giant Econet led the value traded as shares exchanged in the day were valued at $82 million, with SeedCo $32.7 million, Innscor $27.7 million, Simbisa $20.9 million and Delta $18.5 million completed the top five value leaders.

DATVEST Modified Consumer Staples ETF (DMCS) continued on a positive trajectory on its second session of trading as the derivative advanced by $0.2832 to close at $1.8604 as the OLD MUTUAL ZSE TOP 10 (OMTT) recovered $1.1858 from last week’s blushes to settle at $8.3271.

The MORGAN & CO MULTI-SECTOR ETF (MCMS) was the only derivative to trade in the negative as it shed $0.2478 to $13.9561.

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