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ZSE maintains positive momentum

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The Zimbabwe Stock Exchange continued its no-loss streak into the new week, closing Monday’s trades with a 7.15% jump in the All Share index to 743.29 points.

Trading in the black was giant insurer Old Mutual Limited, which led the movers with $10.9724 gain to close at $67.0299, and BAT Zimbabwe, which rose by $3.3003 to $108.9670.

Hippo Valley Limited gained $1.3600 to close at $8.2000, while Meikles Limited also increased by $1.1740 to $7.7500 and beverages giant Delta Corporation was $0.9013 firmer at $9.9118.

There was no counter in the negative.

33 counters were active as two traded flat.

The volume of shares traded amounted to 8.37 million, a 19.45% decline from Friday’s volumes.

Foreign purchases amounted to $1.54 million while, sales were higher at $4.7 million, resulting in a net funds outflow position for the bourse.

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