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WEEKLY REPORT 17.04.2024

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The ZSE retreated in the week under review, weighed down primarily by losses in the heavy and mid-cap counters. The All Share Index was 0.17% weaker at 359.85pts while, the Blue Chip Index was 0.15% down at 363.07pts. The Mid Cap Index was 0.43% weaker at 370.83pts while, on the contrary the Industrial Index was 0.02% firmer at 353.57pts as it extended its YTD gains to 30.09%. Unifreight Africa announced that it has entered into a sale of shares agreement for the acquisition of an effective 87.67% shareholding in Cheeta Express – the sole authorised global service participant for FedEx Express Zimbabwe, in a deal worth US$2.08m which represents 15.7% of the company’s market cap.

Written by EFE Research

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