HomeBusinessZSE index slips for the ninth week running

ZSE index slips for the ninth week running

HARARE — The Zimbabwe Stock Exchange All Shares index slipped for the ninth week running, dropping 1,17% to close at 87,26 points as profit-taking continues on the local bourse.

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The top 10 index lost 1,62% to settle at 86,05 points on losses recorded by several large cap stocks.

Market capitalisation fell 1,12% in the week to close at $8,32 billion from $8,41 billion in the previous week.

Total market turnover increased by 137% to $15,2 million from $6,4 million in the previous week

Delta and BAT lost 1,89% and 7,03% to close at 156,69 cents and 2 231,38 cents respectively.

Econet, Padenga and Innscor eased 1,51%, 4,58% and 0,1%to settle at 67,97 cents, 42,93 cents and 92,07 cents in that order.

Axia and Fidelity also eased 2,78% and 16,67% to trade at 17,5 cents and 8 cents respectively while Mashonaland Holdings dropped 6,69% to close at 2,79 cents.

On the gainers pack, Old Mutual added 3,85% to close at 540 cents while Nicoz Diamond and Zimplow gained 3,3% and 21,95% to settle at 3,1 cents and 10 cents respectively.

Ariston, CBZ and OK Zimbabwe also advanced 20%, 2,94% and 0,24%to close at 1,14 cents, 10,5 cents and 16,5 cents in that order.

The loss recorded by the mining index was on the back of Bindura which lost 17,5% to close at 3,3 cents, offsetting a marginal 0,26% gain recorded by Hwange to close at 3,81 cents.

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