ZSE endures loss making run

  • ZSE lost by 1.09 %
  • Blue-chips led the losers
  • Total turnover down 88%

Harare – The local bourse opened the week in sustained losses with a 1.09% fall to close at 11,523.63 as hedge seeking continues to define the bourse amid a collapsing currency.

 Total turnover declined by 88% compared to the last trading day on Friday.

At close day, Natfoods led the losers after it lost 6.66% to ZWL1,750.0000 with a traded value of ZWL46,900.000.

Zimbabwe’s biggest nickel miner, BNC which is set to delist from the ZSE and switch to the forex dominated VFEX bourse, shed 5.16% to ZWL4.7317.

First Mutual Holdings tumbled 4.17% to end at ZWL23.0000 while CFI Holdings was down 3.92% to ZWL72.0600

General Beltings capped the losers after it lost 3.59% to end at ZWL 2.0045.

Trading in the positive was Medtech which led the risers in the wake of a name change and restructuring. Medtech splits its shares to Class A and Class B, and at the end of the trading day yesterday, Class A shares were up 158.27% to ZWL1.0493.

Horticulture exporter, Ariston Holdings inched 15.54% to $3.9515 while Fidelity Life Assurance gained 12.5% to ZWL9.0000.

TSL ticked 7.69% to ZWL $ 70.0000 while retail giant Ok Zimbabwe was up 5.85% to ZWL 28.8379.

FCA was up 3.37% to close the day in black at ZWL3.1542.

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