ZSE index closes week in red

ZSE index closes week in red

HARARE, July 29 (The Source) – The Zimbabwe Stock Exchange closed the week at 98.8 points with a weekly turnover of $5,77 million after shedding off 0.09 points in a week characterised by negative trades.

Total market capitalization fell 0.32 percent to close at $2,85 billion. Year to date, the market value has dropped by 11,46 percent.

Market drivers traded mixed with Delta gaining 1.67 percent while Econet and BAT shed 3.42 percent and 1.23 percent respectively. Volumes traded totalled 8,08 million shares and averaged 1.62 million shares per day.

Average daily value traded was $1,15 million despite a post dollarisation low of $105 on Tuesday.
On Friday the industrial index shed off 0.80 points with turnover of $96,716 weighed down by losses in heavyweights Econet and Delta which traded in the negative.

The resources index lost 0.58 points on weekly basis.