ZSE opens week lower

ZSE opens week lower

HARARE, October 23 (The Source) The Zimbabwe Stock Exchange opened the week in the red ,shedding 0,23 percent to settle at 516,54 points weighed down by losses in Delta, Econet and Innscor while the mining index added 0,68 percent to settle at 129,75 points.

Market capitalisation stood at $14,6 billion while, market turnover amounted to $9,3 billion.

Econet lost 1,78 percent to settle at 180,16 cents while Innscor eased 1,26 percent to settle at 176 cents.

Beverage maker, Delta also eased 0,05 percent to settle at 306 cents.



Additionally, Fidelity Life eased 19,69 points to settle at 12,85 cents while FML eased 9,30 points to settle at 19,50 cents.

FBC eased 3,73 points to trade at 24 cents.

Padenga, National Foods, Old Mutual and Simbisa remained unchanged at their previous trading prices.

OK Zimbabwe and Seedco advanced 0,12 percent and 1,78 percent to settle at 24,75 cents and 295,44 cents respectively while BAT advanced 3,93 percent to settle 3,700 cents.

African Sun advanced 19,51 percent to settle at 4,9 cents while ART advanced 7,69 percent to settle at 7cents.

FML and Meikles advanced 5,26 percent and 4,47 percent to settle at 6,20 cents and 44,92 cents respectively.

On the mining space, RioZim advanced 0,87 percent to settle at 115 cents while Bindura added 0,22 percent to settle at 4,43 cents. Hwange and FalGold remained unchanged at their previous trading prices.

Foreigners were net sellers on the day disposing shares worth $6,2 million compared to buys of $886,234.