EFE Securities •

7 months ago •

Weekly Reports

WEEKLY REVIEW 13.10.2023

The market-maintained gains in the week under review despite constrained activity. All the four benchmark indices we review recorded decent gains during the week with the All Share Index notching up 5.57% to 138,620.74pts while, the Blue-Chip Index closed at 61,118.06pts following a 3.79% ascent. The Industrial Index advanced 5.55% to 445,080.54pts while, the Mid Cap Index was the biggest gainer amongst the indices as it edged up 9.60% to 566,226.72pts. Elsewhere, IMF has revised upwards its 2023 growth forecast for Zimbabwe to 4.1% from an earlier projection of 2.5%, on improved economic activity.