ZSE comes off on BAT, OK loss

ZSE comes off on BAT, OK loss

HARARE, March 4 (The Source) – The industrial index came off 0.12 points to 189.53 points, weighed down chiefly by losses in heavyweights, BAT and OK Zimbabwe.

Cigarette maker BAT plummeted by 40 cents to 1,300 cents with 1,286 shares exchanging hands for a turnover of $16,700 while OK shed 0.50cents to 18.50 cents in minimal trades.

NMB came off 1.50 cents to five cents while Astra pared off one cent to trade at four cents and Padenga shed 0.20 cents to 9.30 cents.

On the upside were financial institutions, ABC which gained five cents to 50 cents and Old Mutual with a 1.91 cents gain to 247.02 cents.

Other counters to trade in the positive were TSL and TA Holdings which trade a cent in the black each to 38 cents and 8.50 cents respectively.

Telecomms group Econet gained 0.51 cents to trade at 66.01 cents while Cottco’s recovery continued with a 0.08 cent gain to 1.10 cents, with 25,9 million shares trading for nearly $325, 000.

Turnover for the day was up at $730,000 compared to the $160 000 recorded in yesterday’s trades. The mining index continues in a downward trajectory shedding 2.43 points to 35.64 points after Hwange was offered lower at eight cents, lower than its last trading price of 10 cents. Bindura, Falgold and RioZim were maintained previous trading levels.