ZSE Companies Recovering After A Low Price Performance in March

ZSE Companies Recovering After A Low Price Performance in March
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Companies are recovering in performance on the Zimbabwe Stock Exchange (ZSE) with the All-Share Index (ASI), which represents the overall performance of all companies on the stock exchange, points moving up to nearly 95.44 on the 20th of April 2018, according to the African Exchange.

The data recorded shows that the ASI points had gone down from 98.25 on 3 January 2018 to 86.16 on the 15th of March 2018.

“Regarding the performance of ZSE market indices, the benchmark ZSE All Share Index (ZSE-ASI) moved up 0.83 (0.88%) points to close at 95.44, representing a 1-week gain of 6.72%, a 4-week gain of 10.69%, but an overall year-to-date loss of 2.46%,” according to the African Exchange.

ZSE closes this week with a turnover, which is the total value of stocks traded over a period of times, of nearly $4 million.

The country’s stock exchange also ended this week with 11 gainers and one loser.

“Zimplow Limited Holdings (ZIMW) led the gainers with 10.5% share price appreciation, followed by SIM (Simbisa Holdings Limited) (+6.34%), MEIK (Meikles Limited) (+3.45%) and OKZ (OK Zimbabwe Limited) (+3.02%),” states the African Exchange. The only equity that lost value on the day was HIPO (Hippo Valley) (-1.79%).

“ECO (Econet Wireless Zimbabwe) recorded the highest volume of 3.4 million traded shares, followed by BARC (Barclays Limited) (2.5m), OKZ (1.19m) and ZIMW(222,478).”

Seventeen equities participated on ZSE in closing the week.

Zimbabwe’s stock exchange has been responding to the socio-political events as it once lost foreign sales during the transitional period last year.

The country is currently facing foreign challenges with companies not being able to import raw materials for use on time.

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