BUSINESS REPORTER
The Zimbabwe Stock Exchange (ZSE) gained more than ZWL$146bn to close the month of February at ZWL$2. 606 trillion from ZWL$2.460 trillion in January following a strong bull run in the month, Business Times can report.
The ZSE All Share Index added 120.84 points to close February at 28 548.02 points.
Leading counters trading in the positive, diversified conglomerate, CFI Holdings went up by ZWL$84.35 to ZWL$653.00, while Proplastics Limited added ZWL$5.87 to ZWL$69.87.
Zimbabwe’s largest milk producer, Dairibord Holdings Limited was ZWL$3.61 higher at ZWL$90.00.
Tea producer, Tanganda Tea Company, also increased by ZWL$2.07 to ZWL$253.32 while seed producer, Seed Co Limited was ZWL$2.05 firmer at ZWL$199.68
Leading the shakers was leading retailer, OK Zimbabwe Limited shed ZWL$5.59 to $52.40, while Edgars Stores Limited decreased by ZWL$1.20 to ZWL$13.00.
The other shaker was ZIMRE Holdings, which was ZWL$0.74 weaker at ZWL$10.06. GetBucks Microfinance was ZWL$0.50 weaker at ZWL$22.00 and brick maker, Willdale Limited was ZWL$0.28 down at ZWL$2.72.
Despite the elevated level of uncertainty for investors who have parked their cash at the ZSE, analysts still expect a further uptick this year.
The ZSE closed 2022 at ZWL$1.691 trillion.
But, the stocks have moved out of the bear market territory surging to ZWL$2.606 in the month of February, largely driven by heavies or blue-chip counters.
