Categories: Stories

Zimbabwe Stock Exchange back in black after one day wobble

The Zimbabwe Stock Exchange mainstream index today recovered 0.25 percent to 517.23 points but the mining index continued to slip, coming off by 3.81 percent to 128.05 points.

Market capitalisation stood at $14.6 billion while a total turnover of $8.9 million was recorded in the day.

Delta gained 0.06 percent to trade at 306.18 cents while telecoms giant, Econet advanced 1.35 percent to settle at 183.57 cents.

Old Mutual eased 0.18 percent to trade at 1 420 cents.

BAT, National Foods, OK Zimbabwe share price remained unchanged at 3 560 cents, 750 cents and 25 cents respectively.

Meikles, NMB and Dairibord advanced 16.49 percent, 5.56 percent and 1.45 percent to settle at 40.77 cents, 9.5 cents and 17.5 cents respectively.

Brick maker, Willdale gained 6.67 percent to close at 0.8 cents in the day.

Partially offsetting the gains recorded in the day, Padenga Holdings, AFDS and Axia shed 5.28 percent, 0.33 percent and 0.04 percent to settle at 80.51 cents, 190 cents and 28 cents in that order.

On the resources space, Bindura eased 17.07 percent to close at 4.42 cents, offsetting the gain recorded by Riozim which advanced 2.44 percent to trade at 112.94 cents..

Foreigners were net sellers in the day disposing shares worth $2.9 million compared to buys worth $2 million. – The Source

(46 VIEWS)

This post was last modified on October 19, 2017 8:05 pm

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

Will Mnangagwa go against the trend in the region?

Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…

October 22, 2024

The Zimbabwe government and not saboteurs sabotaging ZiG

The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…

October 20, 2024

The Zimbabwe Gold will regain its value if the government does this…

Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…

October 16, 2024

Is Harare the least democratic province in Zimbabwe?

Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the…

October 11, 2024

Zimbabweans against extension of presidential term in office

Nearly 80% of Zimbabweans are against the extension of the president’s term in office, according…

October 11, 2024

Zimbabwe government biggest loser when there is a discrepancy in the exchange rate

The government is the biggest loser when there is a discrepancy between the official exchange…

October 10, 2024