Sustained losses weaken ZSE Top 10 index

HARARE, January 18 (The Source) – Losses in Econet and Padenga dragged the Zimbabwe Stock Exchange Top 10 index down by 1,86 percent to close at 91,11 points on Thursday.

The ZSE All Shares index was down 1,35 percent to settle at 91,98 points.

Market capitalisation stood at $8,71 billion while turnover amounted to $2,1 million.

Telecoms giant, Econet lost 9,75 percent to close at 74,25 cents while Padenga eased 4 percent to close at 48 cents.

Barclays and Wildale also eased 3,83 percent and 11,76 percent to close at 5 cents and 0,6 cents respectively.

Some gains were recorded in Delta, which added 0,51 percent to settle at 158,32 cents.

CBZ and Old mutual gained 7,78 percent and 2,96 percent to settle at 9 cents and 509,39 cents respectively.

Additionally, Meikles and Innscor added 1,67 percent and 0,31 percent to settle at 30,50 cents and 80,25 cents respectively.

Foreigners purchased shares worth $705,675 compared to sales which amounted to $396,874.

Cryptocurrency Bitcoin dropped 4 percent on the local exchange Golix to trade at $18,100.

However, the digital currency is still trading at a 53 percent premium on the global market price of $11,834.