27 April 2023
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The market capped the month of April in the black anchored by resurgent demand seen across the board. The All-Share Index advanced 14.42% to close the month pegged at 41,391.62pts as the market ended the first quarter of the year, with YTD gains of 112.33% while, the segregated Industrials charged 13.97% to 136,413.04pts. The Blue-Chip Index was the major gainer amongst the indices we review, as it advanced 14.74% to 23,764.03pts buoyed by gains in Ecocash, BAT, Econet and Hippo. The Mid Cap index went up 13.61% to close at 91,349.20pts. Meanwhile, the April 2023 Inflation update from Zimstats showed that inflation gained by 2.3 percentage points to close at 2.4 percent.
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