Gen Mujuru's Death Affects ZSE

Mujuru was known as Rex Nhongo during his days fighting to operate zimbabwe as boss of  the Zanla forces operatying from Mozambique.

Trading on the ZSE was thin across board as turnover declined  -49,59 percent to US$1,080 million from US$2,2 million yesterday while volumes traded slumped to just 4,4 million from 14,8 million traded yesterday.

Foreign trades fell to a negligible US$57 789 on the buying side while no outflows were recorded.

Delta Corporation Limited (Delta) and SeedCo Limited (SeedCo) recorded the only notable trades of the day accounting for 83,35 percent of total turnover.

Delta boosted turnover through a cross of about 750 000 shares with total volume traded amounting to 820 000 shares at a marginally improved price of 80,05c in trades worth US$656 000.

SeedCo added +0,73 percent at 124c as 196 141 shares exchanged hands in trades worth US$243 000.

Gains were also seen in AICO Limited (AICO) which added +1,92 percent to close at 52-week best price of 25,99c, Tobacco Associates Holdings (TA)  recovered +20 percent at 12 albeit of thins trades as Barclays Bank Zimbabwe Limited (Barclays) put on +0,85 percent at 5,9c.

Telecommunications giant Econet Wireless Holdings Zimbabwe Limited (Econet) weighed down heavily on the industrials for the second trading session slipping -2,35 percent to trade at a 52-week lowest price of 420c while Afre Limited lost -37,50 percent to 3,50c ahead of its analyst briefing.

Other notable losses were seen in Dairbord Holdings Zimbabwe Limited (DHZL) down -2,13 percent at 23 percent and OK Zimbabwe Limited (OK) easing -4,76 percent at 10c.

The ZSE’s Mining Index, on the other hand,  added +0,12 percent at 160,81 points spurred by Hwange Colliery Company Limited (HCCL) which put on +0,17 percent at 60,01c.

Rio Zimbabwe Limited (RioZim) traded unchanged at 92c while Bindura Nickel Corporation Limited (Bindura) and Falcon Gold Limited (Falgold), however, did not trade.