ZSE losing streak stretches to 10th week

Business
The Zimbabwe Stock Exchange (ZSE) All Shares index slipped for the 10th week running, dropping 1,16% to close at 86,25 points as stocks continue to fall on the local bourse.

HARARE — The Zimbabwe Stock Exchange (ZSE) All Shares index slipped for the 10th week running, dropping 1,16% to close at 86,25 points as stocks continue to fall on the local bourse.

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The top 10 index lost 1,27% to settle at 84,96 points on losses recorded by Delta, Econet and BAT.

Market capitalisation fell 1,16% in the week to close at $8,22 billion from $8,32 billion in the previous week.

Total market turnover decreased by 19,52% to $12,24 million from $15,2 million in the previous week.

Delta and BAT lost 0,4% and 11,49% to close at 156 cents and 1,975 cents respectively.

Econet and Hippo eased 1,43% and 1,22% to settle at 67 cents and 167,93 cents in that order.

Afdis and Meikles also eased 2,03% and 6,67% to trade at 145 cents and 28 cents respectively Willdale dropped 16,67% to close at 0,5 cents.

On the gainers pack, Innscor added 1,55% to close at 93,5 cents while Old Mutual and Nampak gained 0,37% and 3,13%to settle at 542 cents and 16,5 cents respectively.

CAFCA, Dawn and Edgars also advanced 1,29%, 0,63% and 1,11% to close at 40 cents, 1,59 cents and 4,55 cents in that order.

The mining index lost 3,32% to close the week at 120,76 points on losses recorded by Bindura, which lost 16,67% to close at 2,75 cents.