EFE Securities •

1 year ago •

Weekly Reports

Weekly Review -17.02.2023

The market saw weakness in the week under review, spurred by profit taking in heavies as three of the benchmarks succumbed to losses. The ZSE Top Ten Index led the benchmarks’ losses with a 12.79% decline that took it to 16,645pts. The primary All Share Index dropped 8.83% week on week as it ended at 27,301.03pts while, the Industrial Index was down 8.88% at 90,073.82pts. The Mid-Cap Index was the sole riser of the week gaining 2.31% to 56,883.05pts, buoyed by a rebound in African Sun and Ariston. Elsewhere, Innscor traded 14.47m shares since its announcement to move to VFEX on the 13th of December 2022 until today; the blue chip’s last trading session on the ZSE as investors sought to take up cover in USD$ traded stocks.