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Oliver Kazunga, Senior Business Reporter
THE total value of shares on the Zimbabwe Stock Exchange (ZSE) has risen to $10 billion on the back of renewed confidence by investors on locally listed counters.

Data released by ZSE after close of trade yesterday also indicated that turnover was at solid $3,4 million with good contributions coming from Delta, Innscor and Old Mutual. The market continues to be dominated by huge trades in the blue chips.

The all share index extended further gains by adding 0,11 points (0.11 percent) to close at 104.36 points. Financial services group, Old Mutual was $0.4410 stronger at $7,5 million, Pretoria Portland Cement added $0,0983 to close at $1,3 million and RioZim traded $0,0514 to settle at $1,3 million.

Innscor increased by $0,0376 to close at $1,3 million, SeedCo was $0,0245 firmer at $2,3 million and Padenga ended $0,0025 to trade at $0,67 million.

“OK Zimbabwe shed $0,0375 to trade at $0,21 million CBZ and First Mutual Holdings both eased $0,0100 to close at $0,11 million and $0,15 million respectively.

Delta dropped a marginal 0,0043 points to settle at $2 million and Mashonaland Holdings slipped 0,0008 poits to trade at $0.02 million,” said ZSE in a market commentary.

The mining index closed at 348,71 points after shedding 0,05 percentage points on the Monday rate of 348,76 points. As of Tuesday, the All Share Index remained on a bullish trend closing 0,38 points (0.37 percent) higher at 104,25 points on the back of heavyweight gains.

A fortnight ago, ZSE market capitalisation rose to $9.6 billion with foreigners dominating share deals. Early this month the levels of trading with foreigners continued to be the key active investors on the market as the total value of shares persisted in a positive growth trajectory.

The trend also saw total value of shares reaching $2.3 million by close of trading on May 4 while foreigners bought shares worth $195,4 million against sales at $593,8 million.

@okazunga