11 April 2024
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The ZSE closed the month of March in the black as it reversed prior months losses to post double digit, mainly propelled by heavy cap counters. The market was mainly driven by inflow of funds from players who seek to hedge currency depreciation, as the local unit was losing value at an average of 2% per day. The All-Share Index notched up 66.16% to close at 873,263.38pts while, the Agriculture Index was 55.74% firmer at 2,183.25pts. The Blue-Chip Index was the major gainer amongst the indices we review as it jumped 68.91% to 398,030.12pts while, the Mid-Cap Index was 51.84% higher at 3,176,588.02pts.
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