ZSE's Industrial Index In The Red On Heavy Trading

Total value traded tripled to US$3,7 million from US$1,250 million on 18 million shares in a trading session dominated by local investors.

Foreign investors were net sellers by US$951 146 in the trading as sales at US$1 146 811 outstripped purchases which amounted to US$195 665.

The Industrial Index eased -0,15 percent at 165.22 points weighed down by heavy weight Econet Wireless Holdings Zimbabwe Limited (Econet) which succumbed to selling pressure to see its price lose –1,28 percent to close at 461c.

The telecommunications giant, was the most value traded counter with 326 820 shares exchanging hands in trades worth US$1,5 million.

Other notable loses were seen in Murray & Roberts (Zimbabwe) Limited (M&R) which slipped -20 percent at 12c albeit on thin trades while Innscor Corporation Limited lost -0,81 percent at 61c on 405 581 shares worth US$247 404.

Delta Corporation Limited lost a marginal -0,15 percent to 78,99c and was one of the most active counters after 465 639 shares exchanged hands.

Art Corporation Limited (ART) is now on the recovery adding +14,52 percent at 0,71c after the group announced that they have established a fully fledged motor vehicle division.

Three counters, a banking group, FBC Financial Holdings Limited and the two retail clothing groups Truworths Limited and Edgars Limited traded at all time high prices of 7c, 9,5c and 10,9c, respectively.

Milk processing group Dairibord Holdings Zimbabwe Limited (DHZL) closed the day 1c firm at 29c having opened at 27,1c, trading through 28c and 28,99c with a cumulative volume 1,9 million shares trading at the four different prices.

AICO Limited was stable at 25c.

The Mining Index on the ZSE closed the day +0,46 percent firm at 162.06 points buoyed by gains in Bindura Nickel Corporation Limited (Bindura) at 7c outweighing the 4,55 percent decline in Rio Zimbabwe Limited (RioZim) at 105c. Bindura added 7 percent.