Heavy Caps Help ZSE's Industrial Index

Beverages group, Delta Corporation Limited, fueled by positive expectations for interims due next week, added a further +2,04 percent (+1,50c) to 75,21c, Econet Wireless Holdings Zimbabwe Limited recovered +1,37 percent (+5c) to 370c on the LDR for its first tranche of dividends while OK Zimbabwe Limited was +3,26 percent up at 9,5c.

Innscor Corporation Limited put on +0,97 percent to 53,01c on buying pressure while banking group Barclays Bank Zimbabwe Limited recovered from Thursday’s losses to put on +4,20 percent to 5,21c.

Light weight counter dominated the losers pack.

The worst performing stock of the day was Astra Holdings Limited which eased -26,83 percent (-1,1c) to 3c albeit on a paltry volume.

AICO Limited and Old Mutual Limited which paired -1c a piece where the only heavy caps to trade in the negative.

Trading remained relatively thin with turnover declining to US$665 830 from 5,7 million shares.

Foreign flows were net outflows but remained subdued with outflows amounting to US$130 629 against inflows of US$101 955.

The ZSE’s Mining Index touched a 52-week low of 122.51 points easing -5,16 percent after coal miner Hwange Colliery Company Limited lost -7,14 percent to 45,5c on selling pressure.

The coal miner, however, closed buyers at 45c.

Rio Zimbabwe Limited bid at 50c with no trades while Bindura Nickel Corporation Limited and Falcon Gold Zimbabwe Limited traded unchanged at 5,10c and 7c, respectively.