Market Commentary 16 May 2022
The All-Share Index closed the week in red after dropping 758.99 points
(3.31%) to close at 22,183.37 points. HIPPO VALLEY ESTATES (HIPO.zw) lost
$70.0000 to $400.0000, RIOZIM (RIOZ.zw) eased $22.5000 to $127.5000 and
TANGANDA TEA COMPANY (TANG.zw) traded $20.7730 weaker at
$222.7385. INNSCOR (INN.zw) retreated further by $19.3010 to $490.6766
and SIMBISA (SIM.zw) was $13.5728 lower at $228.0665.
Losses were offset by gains in SEEDCO (SEED.zw) which added $2.4745 to
$237.9983, DAIRIBORD (DZL.zw) rose by $0.9562 to $50.0000 and AFRICAN
SUN (ASUN.zw) was $0.8735 stronger at $13.0039. FIRST CAPITAL BANK
(FCA.zw) also increased by $0.5336 to $10.7669 and NMB (NMB.zw) was
$0.0500 higher at $34.450