ZSE market cap inches towards $9bn

BH24 Reporter
BULLS continued on a rampage on the Zimbabwe Stock Exchange as the market capitalization inched towards the $9 billion mark, spurred by increased demand.

Total market capitalization for the day was $8,911 billion representing a 4,61 percent above prior session’s $8,518 billion.

By close of trade yesterday, the mainstream Industrials Index had shored up a further 4,67 percent to 315 level, extending its year to date gains by 117 percent, maintaining its position as the best performer among the regional exchanges.

At least 22 counters traded in the positive, but turnover was 1,7 percent weaker to $1,707 million compared to $1,737 achieved the previous day. Foreign buys amounted to $38 216 against sales of $361 216.

Brick maker – Willdale – headlined risers with a 42 percent charge to 0,5 cents.

Banking stock, NMB and Turnall followed each adding 20 percent to end at 9 cents and 1,2 cents.

Industrial group, Proplastics put on 19,94 percent to 7,94 centS while industrial behemoth Innscor added 19,71 percent to $1,21.

Econet was the only lame duck of the day after it traded 7,83 percent weaker at 66,36 cents.

The minings index remained flat at 82,20 level after all the mining stocks Bindura, Falgold, Hwange and Riozim maintained previous levels of 3,2 cents, 2 cents, 2,6 cents and 67,89 cents.

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