BUSINESS REPORTER
The Zimbabwe Stock Exchange has launched the Modified Consumer Staples Index to give more choices to investors.
The index was introduced yesterday. Its constituents are African Distillers Limited, Dairibord Holdings Limited, Delta Corporation Limited, Hippo Valley Estates, Innscor Africa Limited, Meikles Limited, National Foods Holdings Limited, OK Zimbabwe Limited, Simbisa Brands Limited and TSL Limited.
“The Zimbabwe Stock Exchange Limited hereby notifies the investing public that it will be introducing the Modified Consumer Staples Index with effect from 1 September 2021. The base for the index will be 100 points,” ZSE chief executive officer Justin Bgoni said in a statement.
This brings to eight the number of ZSE’s sector indices after the ZSE Financials Index, ZSE Consumer Discretionary Index, ZSE Consumers Staples Index, ZSE Industrials Index, ZSE Information, Communication and Technology Index, ZSE Materials Index and ZSE Real Estate Index. Other than sector indices, ZSE launched the Top 10 Investable Index, ZSE Top 15, ZSE Top 25, Small Cap Index and Medium Cap Index. The indices were introduced last year after the bourse adopted the Global Index Classification Standards for ZSE listed companies.
