HARARE – Trading on the Zimbabwe Stock Exchange generated ZWG75.84 million in turnover on Monday, with 80 deals recorded, as the market closed mixed amid sharp movements in selected counters.
The All Share Index slipped 0.13% to 492.21 points, while the ZSE Top 10 gained 0.08% and the Top 15 advanced 0.20%. The Mid Cap Index was the weakest major benchmark, falling 0.96% to 546.03 points, while the Small Cap Index was unchanged.
Seed Co led the gainers, rising 13.03% to 420 cents, followed by Prolific Mining, up 5.22% to 121 cents, and FML, which added 5.20% to 420.29 cents. ZSE Holdings was the biggest faller, shedding 13.06% to 391.24 cents, while TNCI dropped 9.91% to 76.35 cents.
Market capitalisation stood at ZWG113.47 billion. The Real Estate Index rose 0.71%, supported by gains in listed property investment trusts, with REV advancing 5.26% and TIG gaining 0.56%. The Financials Index declined 0.96%, while the Materials Index added 1.31%.
On the Victoria Falls Stock Exchange, the latest available snapshot for 30 October showed turnover of US$4.89 million from 274 trades, with market capitalisation at US$9.22 billion. The VFEX All Share Index rose 1.47% to 278.34 points.
ZimWealth led the reported VFEX gainers, rising 10% to US$0.11, while Premier African Minerals advanced 5.04% to US$1.6051. Trading activity on the US-dollar-denominated exchange was substantially higher by value than Monday’s ZSE turnover, although the figures relate to different trading dates and currencies.
Analysts speaking to The Zimbabwe Mail said the contrasting movements across the market highlighted the importance of looking beyond headline index performance to assess liquidity, sector rotation and individual counter activity. The session’s turnover was concentrated in a relatively small number of trades, while sharp price movements among selected counters underscored the uneven nature of investor demand.
The latest ZSE announcements included cautionary statements from Ariston and TSL, while the VFEX published notices covering Kavango Resources’ petroleum agreement, Invictus Energy’s production-sharing agreement and shareholder matters involving listed companies.
