ZSE in first positive close of 2021

11 Jan, 2021 - 00:01 0 Views
ZSE in first positive close of 2021

eBusiness Weekly

Business Writer
The Zimbabwe Stock Exchange on Friday closed positive, the first time it has done so in 2021.

The equities market, which closed at a record high in 2020, started the year in reverse gear in what market watchers said was profit taking.

Trading was however largely mixed with 17 risers against 16 losers.

The gains helped the ZSE All Share Index close 0.75 percent positive at 2 485.77.

The ZSE Top 10 was also on the upside with a 0.58 percent gain to 1 530.21.

Last year’s best performer, the Medium Cap Index was however the day’s top performer up 1.27 percent to 5 500.74.

Last year’s second best performer, the Small Cap Index was however in the red, down a massive 5.44 percent at 10 977.29.

First Mutual Properties (FMP) led Friday’s risers with a 19.98 percent gain to $3.88. The strong gain took FMP to the year’s second to performer with a 44 percent year-to-date gain.

It was followed by Innscor and Zimplow, up 15.3 percent and 10 percent to close at $28.39 and $5.50 respectively.

On the downside Simbisa was the biggest loser down 18.69 percent to $9.72.

The year’s lead performer ZB Financial Holdings eased 12.22 percent to $35.11.

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