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Daily Pricesheet
ZSE in double digit gains despite limited capital inflows into the market … The market recorded double digit gains in the month under review despite limited capital inflow, with majority of the trades being switches. The All-Share Index was 24.04% up at 157,083.06pts extending its YTD gains to 705.81% while, the Blue-Chip Index advanced 24.23% to settle at 70,266.63pts mainly anchored by CBZ, SeedCo and Meikles. The Mid Cap Index was 25.09% firmer at 622,991.45pts pushing its YTD gains to 1600.19% while, the Agriculture Index was 7.45% higher at 557.57pts.
Written by EFE Research
ZSE retreats in the month of February as profit taking in selected heavies set in… The ZSE reversed prior months’ gains in February as the All-Share Index retreated 3.16% to 525,570.76pts, mainly weighed down by heavies that experienced selling pressure and the cautionary stance taken by market players awaiting announcement of the monetary policy. The Blue-Chip Index was 4.29% lower at 235,643.91pts as Delta, Econet and Meikles mainly traded in the negative territory during the month while, the Agriculture Index parred off 6.72% to end at 1,401.85pts. On the contrary, the Mid Cap Index jumped 15.53% to settle at 2,092,048.38pts as sellers in heavy cap counters switched into mid-cap counters. The ETF Index was 22.16% higher at 7,168.70pts.
The ZSE closed the month of March in the black as it reversed prior months losses to post double digit, mainly propelled by heavy cap counters. The market was mainly driven by inflow of funds from players who seek to hedge currency depreciation, as the local unit was losing value at an average of 2% per day.