Zimbabwe Stock Exchange market capitalisation grows to $4 billion

Meikles and FBC also added 9.58  percent and 7.48 percent respectively while Nampak and TSL gained 6.67 percent and 6.28 percent respectively.

CFI, Axia and Dawn put on 4.94 percent, 4.29 percent and 4 percent in that order.

One heavyweight, Seedco made a loss after easing 0.26 percent to trade at 94.75 cents.

Zimre Holdings was the worst performer in the month after  shedding 15.15 percent to close at 1.4 cents.

Zimre Holdings on Friday reported that  its loss narrowed  by 90 percent to $2.2 million for the full-year to December, from $23.1 million recorded in the preceding year on increased business retention and cost containment measures.

StarAfrica and Lafarge also shed 10.71 percent and 6.77 percent to trade at 1 cent and 44.75 cents respectively.

Colcom, NMBZ and CBZ lost 0.67 percent, 0.6 percent and 0.3 percent in that order.

On the mining space, RioZim added 25  percent to settle at 50 cents while Bindura, Falgold and Hwange remained unchanged at 3 cents , 1 cent and 2.9 cents respectively.

Foreigners remained net sellers in the month, disposing of shares worth $8.1 million and buying shares worth $1.4 million.- The Source

(250 VIEWS)