05 October 2023
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The market rose in the month opening week, anchored by small to mid-cap counters that dominated the top ten gainers. All the four benchmark indices we review closed pointing northwards, the All-Share Index was up 3.69% at 131,311.22pts while, the Blue-chip Index gained 4.12% to end pegged at 58,887.93pts. The segregated Industrials grew 3.67% to 421,695.73pts while, the Mid Cap Index surged 3.73% to close at 516,621.42pts. Meanwhile, fintech group Ecocash released the results of the rights offer in which the public only subscribed for 35.45% of the rights, to let the underwriter pick the remaining chunk of 64.55%.
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