ZSE in mixed performance on Thursday as CBZ emerged top performer

Business Writer

The Zimbabwe Stock Exchange (ZSE) experienced mixed performance on January 23, 2025, (Thursday) as the ZSE All Share Index rose by 0,40 percent to close at 205.79 points.

The ZSE Top 10 Index gained 0,62 percent, settling at 206.61 points, while the Medium Cap Index fell by 0,42 percent to end at 226.73 points.

CBZ Holdings emerged as the top performer, advancing 11,13 percent to close at ZiG 839.83, supported by strong trading activity.

OK Zimbabwe followed with a 6,98 percent increase, ending the session at ZiG 28.53, while starafricacorporation recorded a marginal gain of 0,42 percent, closing at ZiG 2.41.

On the downside, Nampak led the decliners with a 5,26 percent drop to ZiG 90.00.

Ecocash lost 4,99 percent to close at ZiG 28.46, and SeedCo slipped 2,02 percent to ZiG 175.00.

Trading activity was robust, with NMB Holdings recording the highest volume of 678 100 shares, valued at ZiGZiG51 million. SeedCo led in terms of value traded, with ZiG 172,7 million exchanged on a volume of 986 700 shares.

Delta Corporation, a key player in the manufacturing sector, traded 25 900 shares at a volume-weighted average price (VWAP) of ZiG 1 389.03, despite a slight 0,42 percent decline in value. CBZ Holdings, a major contributor to the banking sector, traded 118 000 shares, generating ZiG 991 000 in turnover.

Year-to-date, the ZSE All Share Index has declined by 5,42 percent, reflecting cautious investor sentiment. The ZSE Top 10 Index has fallen by 4,01 percent, while the Medium Cap Index is down by 0,38 percent.

Delta Corporation remains the largest company by market capitalisation at ZiG 18.1 billion, representing 29,08 percent of the total market. CBZ Holdings follows with a market capitalisation of ZiG 4,4 billion, accounting for 7,05 percent.

The market’s mixed performance underscores investor caution amid ongoing economic challenges. However, counters such as Delta, CBZ, and SeedCo are expected to remain in focus due to their significant contributions to trading volumes and values.