Zimbabwe Stock Exchange market cap nears $15 billion


The Zimbabwe Stock Exchange’s industrial index gained 0.25 percent to 524.51 points yesterday while the mining index advanced 1.70 percent to close at 140.62 points.

Market capitalisation stood at $14.92 billion while market turnover amounted to $11.5 million.

Foreigners were net sellers disposing shares worth $5.8 million compared to buys of $4.4 million.

Delta, SeedCo and Old Mutual advanced 0.33 percent, 0.47 percent and 0.08 percent to trade at 317.18 cents, 316.49 cents and 1 431.2 cents in that order.

Padenga and Simbisa Brands added 3.99 percent and 1.34 percent to settle at 82.17 cents and 68.91 cents respectively.

General Beltings picked up 33.33 percent to settle at 0.8 cents while clothing retailer, Edgars gained 19.59 percent to close the day at 6.96 cents.

Losses were recorded in Ariston Holdings, Axia and ZB Bank which eased 2.1 cents, 25 cents and 38.7 cents respectively.

NMB Bank lost 0.3 percent to close the day at 10 cents.

On the resources space, Bindura gained 5.17 percent to settle at 5.69 cents while RioZim advanced 0.21 percent to trade at 116.25 cents.

FalGold and Hwange remained unchanged at previous trading levels. –The Source


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The Insider

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.


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