Categories: Stories

Delta and Econet drag Zimbabwe stocks lower

The Zimbabwe Stock Exchange this week slipped 1.73 percent to 136.97 points on back of losses recorded by Delta and Econet, while the mining index remained stable at 60.73 points.

Heavyweights Delta and Econet lost 3.9 percent and 15 percent to close at 82 cents and 17 cents respectively.

Barclays fell 7.63 percent while Pearl retreated 1.73 percent.

Leading the gainers pack were ZB Financial holdings, TSL and CFI after gaining 11.87 percent, 5.56 percent and 2.93 percent in that order.

Colcom and Padenga added 2.86 percent and 1.49 percent to trade at 36 cents and 17 cents respectively.

Market capitalisation declined by 1.68 percent to $3.82 billion, while market turnover decreased by 2.22 percent to $2.43 million with average daily trades of $485 461 in the week under review.

No trades took place on the resources index during the week under review and as such, Riozim Bindura, Hwange and Falgold were unchanged at 32.5 cents, 4 cents, 3 cents and 1 cent in that order.

Foreigners remained net sellers, disposing of shares worth $1.65 million against purchases of $586 643.-The Source

(56 VIEWS)

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Is it true that 4 million Zimbabweans went without food on several occasions last year?

At least four million people in Zimbabwe reported that they had gone without food on…

November 5, 2026

Did you know that four of the world’s largest banks are all in China?

Four of the world’s largest banks are all in China. Assets of the Industrial and…

October 15, 2026

Zimbabwe one of the 27 countries in the world where the richest 0.1% has more wealth than the bottom 80%

Zimbabwe is one of the 27 countries in the world where the richest 0.1% of…

October 2, 2026

Zimbabwe third among the least free countries in SADC

Zimbabwe has been ranked third among the least free countries in Southern Africa but it…

May 24, 2026

Why I had a girlfriend two months after my wife’s death- Take 1

I had always considered it a curse for a wife to die before her husband.…

May 18, 2026

Why I had a girlfriend two months after my wife’s death

This is a true story about the challenges and loneliness I faced when my wife…

May 17, 2026