Delta reclaims ZSE top spot

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DELTA Corporation (Delta) has overtaken CBZ Holdings (CBZ) as the most valuable company on the Zimbabwe Stock Exchange (ZSE) after gaining more than 90 percent this year.
In comparison, CBZ has lost 17 percent and is among only five counters in the red this year. The financial services group had surged to the top in 2020 on the back of a restructure, and its absolution from the American government’s sanctions and a fine. Trade closed on Tuesday with Delta’s market capitalisation at $59 billion, while CBZ ended at $48 billion.

Econet, Innscor and Cassava were not far behind at $46 billion, $42 billion and $35 billion, in that order.
Delta’s gains come as it has recorded a significant increase in sales volumes over the past year, despite disruptions caused by Covid-19 pandemic.