- Local bourse surged by 3.11%
- Year to date returns at 179.71%
- Gains across all indices
Harare - Zimbabwe Stock Exchange’s (ZSE) ZWL14 billion asset holders, NMB Zimbabwe and leading fast foods operator, Simbisa Brands emerged as the top performers in Thursday trades as the local bourse recorded the highest daily gains in 11 weeks after scaling up by 3.11% to 7,374.18 points as value chasing continued.
Year to date gains stretched to 179.71%, while monthly gains stood firmer at 10.85%, the highest monthly performance in the quarter.
With 41 counters registering trade and 28 emerging risers, demand was more skewed towards the blue-chip companies with less risky stocks amid currency stability which left fundamentals replacing inflation in chasing value.
The small capital index, as captured by the ZSE inched up a mild 0.49%, continuing with inconsistency in performance amid market correction which had taken longer than expected.
Technological firm, Cassava SmarTech led the aggregate turnover of 67% to ZWL123.20 million at 18% followed by Meikles and Ok Zimbabwe.
At close day, financial counter, NMB Zimbabwe extended its prior session gains by a further 15.05% to close at $14.9559 followed by canteens and fast foods counter, Simbisa Brands which buttressed gains to a third straight day on adding 9.17% to close at $49.0145.
One of the leading turnover contributors during the session, the diversified retailer, OK Zimbabwe saw its gains stretching to a fourth consecutive session on surging 8.03% to $17.7497.
Hotelier and diversified counter, Meikles Limited, which emerged as the second aggregate turnover contributor for the day was firmer at $105.1955 after increasing by 7.34%.
Seed producer and marketer, Seed Co Limited capped the top five gainers by extending its prior session gains by a further 6.75% to settle at $80.0798.
On the downside, a total of five stocks partially weighed on the market. Paper manufacturer, NamPak emerged the worst performer on dipping 4.1% to close at $11.5076 cancelling its prior session gains while leading tyre service provider, National Tyre Services plunged by 2.04% to close at $8.0000.
General Beltings countered its prior session gains as well after falling by 1.15% to close at $1.8284.
Pharmaceutical counter, MedTech continued the downward trend to a sixth consecutive session by a further 0.66% decline to $0.2100.
Largest food provider in the country, National foods capped the top five laggards at $628.0000 after shedding 0.002%.
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