Business / Companies
Zimbabwe Stock Exchange records another bad day
05 Sep 2013 at 22:18hrs | Views
The Zimbabwe Stock Exchange (ZSE) has registered a 0.34 percent slide on the back of limited trading volumes and a cautious attitude by investors.
The gains that were registered on Wednesday were reversed on Thursday on the back of limited trading volumes that resulted in the mainstream industrial index shedding 0.61 points to close at 176.99 points.
On the losers, HIPPO retreated 5 cents to close at 105 cents and HUNYANI came off 0.50 cents to trade at 2.50 cents.
TURNALL traded 0.49 cents lower at 4 cents whilst AFRICAN SUN and RTG lost 0.05 cents each to close at 2 cents and 1.30 cents respectively.
MEIKLES was the only counter to trade in the positive territory as it gained 0.50 cents to settle at 29 cents.
The mining index remained constant at 46.78 points, a development that is raising questions over whether investors are interested in tapping gains within the mining industry.
BINDURA, FALGOLD, HWANGE and RIOZIM maintained previous trading levels.
The gains that were registered on Wednesday were reversed on Thursday on the back of limited trading volumes that resulted in the mainstream industrial index shedding 0.61 points to close at 176.99 points.
On the losers, HIPPO retreated 5 cents to close at 105 cents and HUNYANI came off 0.50 cents to trade at 2.50 cents.
MEIKLES was the only counter to trade in the positive territory as it gained 0.50 cents to settle at 29 cents.
The mining index remained constant at 46.78 points, a development that is raising questions over whether investors are interested in tapping gains within the mining industry.
BINDURA, FALGOLD, HWANGE and RIOZIM maintained previous trading levels.
Source - zbc
