ZSE valuation hits $1.7 trillion as small gains persist

Business Writer

The market headline index the All Share Index, yesterday saw marginal gains of 0.17 percent to advance to 15,503.04 points, despite the country seeing the local dollar depreciate by 2.80 percent at the foreign currency auction market to trade at $127.4846 against the US Dollar.

Market capitalisation advanced to $1.7 trillion as value traded closed at $248 million, gaining 43.38 percent on yesterday’s value traded.

The derivatives market traded in the red, with the Old Mutual Top 10 ETF being the most active one, as it lost 14.2184 percent from $10.3960 to slip to $8.179. This came after 182,070 units of the ETF traded at a value of $1.6 million.

Morgan and Co, ETF eased 0.064 percent in the midweek session to close at $14.5027.

Simbisa on Wednesday continued with its gains streak as it ended another session with formidable gains.

The fast food retailer gained 2.00 percent to close at $186.0488 after gaining an additional 3.50 percent yesterday. The company is enjoying the benefits of relaxed COVID-19 regulations that has allowed more trading hours.

CFI had a great outing as it hit limit up of 20.00 percent to end the day at $122.40, and the recently relisted Tanganda ended the day at $76.40 after gaining 1.72 percent.

OK Zimbabwe weighed down on the Top 10 Index as it left it 0.25 percent weaker at 10,086.45 points after it shed 2.55 percent to $30.9936 at close of trading.