Zimbabwe Stock Exchange daily turnover hits $2.5 million, highest in November

The Zimbabwe Stock Exchange today recorded turnover of $2.5 million, the highest this month, on the back of gains in heavyweights Delta and Econet.

The two counters recorded a combined turnover of $2.072 million after gaining 2.15 percent and 2.80 percent to settle at 83.76 cents and 30.70 cents respectively.

The industrial index was up 2.4 percent to 135.57 points while the mining index gained by 5.15 percent to 57.38 points.

Market capitalisation increased from $3.673 billion to $3.764 billion recorded in the previous day.

BAT, Simbisa and Padenga also advanced three percent, 3.60 percent and 1.70 percent to close at 1 699.34 cents, 14.75 cents and 15.75 cents in that order.

Innscor and Natfoods were among the gainers, picking up 13 percent and 4.5 percent respectively. Old Mutual traded flat at 338.75 cents while Axia was the only loser, shedding a marginal 0.17 percent to trade at 5.66 cents.

Bindura, whose financial results were released yesterday showing a half year net profit of $1.2 million, added 8.40 percent to close at 4.53 cents. Riozim, Falgold and Hwange traded unchanged.

Foreigners remained net sellers, with purchases of $20 342 and sold shares worth $2.028 million.- The Source

(82 VIEWS)