Zimbabwe Stock Exchange closes weaker ahead of holidays


The Zimbabwe Stock Exchange mainstream index eased 1.36 percent to close at 322.96 points largely on losses recorded by telco counter, Econet.

Market turnover amounted to $7.31 million while market capitalisation stood at $9.29 billion.

Mobile operator, Econet lost 10.64 percent to settle at 87.57 cents while NicozDiamond eased 17.29 percent to trade at 3.97 cents.

However, Simbisa and Axia gained 1.4 percent and 11.19 percent to settle at 39 cents and 17.98 cents respectively.

Old Mutual advanced 13.57 percent to settle at 511.09 cents.

The mining index lost 0.05 percent to close at 141.61 points after Bindura dropped 0.18 percent to trade at 5.42 cents.

All other mining counters remained unchanged.

Foreigners were net buyers in the day purchasing shares amounting to $56 130 compared to sales worth $40 726. – The Source


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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.


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