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    ZSE Extends Gains as ZWL Depreciates Against US Dollar

    ZSE Extends Gains as ZWL Depreciates Against US Dollar

    The Zimbabwe Stock Exchange (ZSE) extended gains on Thursday as the Zimbabwe dollar continued to depreciate against the greenback.

    The mainstream ZSE All Share Index was up 3.84% to 569,457.44 points, as the local currency weakened nearly 18.09% to the US dollar since the start of the month.

    Accordingly, the Top 10 Index was up 4% to 256,190.26 points, while market capitalisation increased by $1.93 trillion to $45.58 trillion.

    Market breadth was positive, with 21 gainers emerging compared to 3 laggards.

    The Medium Cap Index gained 2.42% to close at 2,214,853.91 points. The Small Cap Index was flat at 12,702,579.67 points.

    Trade turnover was also 8.54% higher compared to Tuesday’s session. A total of 4.55 million shares, valued at $6.54 billion, were exchanged in 236 deals.

    Old Mutual Top 10 ETF added $1.4687 to close at $92.0000 while Datvest Modified Consumer Staples ETF added $0.0410 to $19.9922.

    Cass Saddle Agriculture ETF eased $0.5182 to $7.2818. Morgan & Co Made In Zimbabwe and Morgan & Co Multi Sector ETF remained flat at $19.2595 and $701.5500 respectively.

    Revitus Property Opportunities was flat at $552.1100 while Tigere REIT added $24.5396 to close at $700.4296.

    On the VFEX, African Sun gained the most, up 13.66% to US$0.0341. Padenga was 7.52% higher at US$0.1401. Simbisa added 0.29% to US$0.3442.

    Axia was the worst performer, down 15.23% to US$0.0751. First Capital Bank eased 0.98% to US$0.0201. Innscor Africa Limited was off 0.15% to US$0.4403.

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