EFE Securities •

8 months ago •

Weekly Reports

WEEKLY REVIEW 20.10.2023

ZSE rally extended despite weakness seen in the last trading sessions of the week, as all the four benchmarks in our review closed in the black. The ZSE All share Index firmed 4.79% and closed at 145,265.26pts, bringing its year-to-date return to 645.19%. Constituents of the ZSE Top Ten Index were the major drivers of the market, spurring the index to 64,233.90pts on a 5.10% rise. Meanwhile, the Mid-Cap Index firmed 4.32% to close at 590,667.03pts while, the Industrial Index added 4.78% to record 466,366.32pts. Elsewhere, the local currency continued to lose ground against the greenback on the auction market, depreciating 0.61% for the week to see an average rate of ZWL$5,668.2204 as total aggregate of US$17.66m exchanged hands.