Gains in Delta, SeedCo snap ZSE’s two-week losing run

Gains in Delta, SeedCo snap ZSE’s two-week losing run

HARARE, January 23 (The Source) – The Zimbabwe Stock Exchange All Share index advanced 0,11 percent on Tuesday to settle at 91,60 points, snapping a two week losing streak after gains in Delta and SeedCo.

The Top 10 index also added 0,06 percent to trade at 90,55 points buoyed by the two counter.

Market capitalisation stood at $8,67 billion while turnover amounted to $2,96 million.

Delta added 0,31 percent to settle at 160,5 cents while SeedCo advanced 0,49 percent to trade at 200,98 cents.

CBZ, Meikles and Axia added 5,04 percent, 3,28 percent and 1,11 percent to trade at 10 cents, 31,5 cents and 18,2 cents respectively.

On the losers pack, Simbisa and National Foods dropped 2,22 percent and 0,04 percent to settle at 44 cents and 619 cents in that order.

Additionally, FBC and Proplastics eased 0,25 percent and 0,26 percent to trade at 20 cents and 7,58 cents respectively.

The mining index remained flat at 134,52 points.
Foreigners were net buyers in the day, purchasing shares worth $542,984 compared to sells which amounted to $68,201.

Cryptocurrency Bitcoin is currently trading at $16,998 on the local exchange Golix , representing a 66 percent premium on the global market price of $10,257.