ZSE slips on Econet and Innscor

HARARE,-Zimbabwe’s stock exchange lost 1,01 percent to close at 329,10 points on Thursday weighed down by losses in Econet and Innscor.

Econet eased 1,41 percent to settle at 98,33 cents while Innscor eased 3,42 percent to trade at 105 cents.

Losses were also recorded in CBZ, Meikles and SeedCo which eased 18,92 percent, 6,67 percent and 4,30 percent to trade at 15 cents, 28 cents and 200 cents in that order.

Simbisa shedded 4,14 percent to settle at 38 cents while Padenga eased 3,73 percent to settle 52,95 cents.

Beverage maker, Delta gained 0,61 percent to close at 150,92 cents.

Zimre and Mashonaland Holdings also added 19,91 percent and 1,76 percent to trade at 2,59 cents and 3,46 cents respectively.

Market capitalisation stood at $9,4 billion while turnover further declined to $661,448 from $1,18 million recorded in the previous day.

On the resource space, Bindura picked up 2,47 percent to close at 5,39 cents while other mining counters remained unchanged.

Foreigners were net buyers in the day, with purchases of $177,051 compared to buys worth $52,423.



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