29 October 2023
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The market recorded modest gains in the week under review as the primary All-Share Index ticked up 2.80% to settle at 149,335.93pts, mainly anchored by medium cap counters whose Index jumped 4.16% to 615,239.63pts. The segregated Industrials advanced 2.82% to 479,531.51pts extending its YTD gains to 646.77% while, the ZSE Top 10 Index was 2.18% higher at 65,634.77pts. Meanwhile, Rainbow Tourism Group released its HY23 results in which the hotelier reported a PAT of $39.34bn. Elsewhere, the government has extended the use of foreign currency in Zimbabwe to 2030, through Statutory Instrument 218 of 2023.
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