EFE Securities •

2 years ago •

Weekly Reports

Weekly Review 08.07.2022

The market suffered a further knock as it closed another week in heavy losses. Leading the carnage was the Blue Chips Index that plummeted 16.27% on selling pressure to close at 10,223.45 pts. The All-Share Index tripped 14.17% to close at 16,813.22pts while, the Old Industrials trimmed 14.26%. The mid cap stocks also suffered declines as their index plunged 10.28% to 34,231.10pts. In the news, RBZ says it will introduce gold coins as an alternative investment option and inflation hedge, the coins will be available to the public on July 25 and will trade in both Zimbabwean dollars and foreign currency. The 22-carat gold coin will be called Mosi-Oa-Tunya weighing one troy ounce with a unique serial number which will have prescribed asset status as some of the special characteristics.