18 May 2023
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Gains dominated an actively traded week on the ZSE as all the four benchmarks we review closed in the black. The primary All Share Index surged to a 31.82% cumulative weekly gain and ended at 83,219.72pts, anchored mostly by the market’s heavy caps that saw their index, the Top Ten, enjoy a 33.53% rise for the week to close at 51,106.33pts. The traditional segregated Industrial Index added 31.14% and closed at an all-time high of 270,002.26pts while, bullish sentiment also prevailed in the market’s Mid-Caps as their index pushed a further 26.25% to end the week pegged at 149,855.48pts. Elsewhere, First Capital Bank listed on the VFEX today to become the 13th addition to the USD bourse which closed the week on 84.18pts having gained 1.54% week on week.
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