Gains in heavyweights keep ZSE in the black

Gains in heavyweights keep ZSE in the black

HARARE, September 6 (The Source) – The Zimbabwe Stock Exchange (ZSE) industrial index on Wednesday advanced 4,72 percent to 262,91 points on gains recorded by some heavyweights.

The mining index also added 2,17 percent to 79,58 points on Bindura. The local bourse recorded a total market turnover of $4,06 million in the day.

Padenga Holdings led the gainers after adding 20 percent to settle at 60 cents while the telecommunication giant, Econet gained 9,19 percent to close at 59,99 cents.

OK and Simbisa advanced 13,33 percent and 13,06 percent in the day to close at 17 cents and 60 cents respectively.

Mashonaland Holdings also added 12,55 percent to trade at 2,6 cents.

No losses were recorded on the market in the day.

On the resources space, Bindura gained 7,02 percent to close at 3,2 cents. Falgold, Hwange and Riozim remain unchanged at previous market prices.

Foreigners were net sellers during the day with purchases of $3,179 million shares compared to buys worth $22,187.