EFE Securities •

1 year ago •

Weekly Reports

Weekly - 27.01.2023

Resurgent demand on the back of improving liquidity spurred the ZSE to a rise as all four of the indices in our review closed in the black. The primary ZSE All Shares Index went up 2.20% to settled at 22,142.52pts, driven mainly by mid cap stocks which had their own Index as the best performing amongst the four gaining 3.55% week on week to close at 45,157.58pts. Likewise, the Top Ten added 1.70% to close the week at 13,612.50pts while, the traditional Industrial Index put on 2.22% for the week to close pegged at 73,013.98pts. Elsewhere, the Zim dollar continued to depreciate against USD on the RBZ Forex Auction dropping 6.5% to trade at US$1: ZWL779.31.