Delta, Innscor losses drag subdued ZSE lower

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HARARE,– Losses in heavyweight counters, Delta and Innscor Africa dragged the Zimbabwe Stock Exchange mainstream index lower by three points to settle at 332,46 points on Wednesday.

The mining index however, added a marginal 0,03 percent to close at 140,36 points.

Market capitalisation declined to $9,55 billion from $9,65 billion in the previous day.

Market turnover also fell to $1,18 million compared to $2,85 million recorded in the previous day.

Delta eased 3,85 percent to trade at 150 cents while Innscor shed 0,94 percent to settle at 108,72 cents.

Additionally, Cafca and Barclays eased 13,17 percent and 7,41 percent to trade at 30 cents and 6 cents respectively.

Dawn also eased 4,31 percent to settle at 2 cents.

On the resources space, Bindura added 0,19 percent to trade at 5,26 cents while other mining counters remained unchanged.

Foreigners were net buyers in the day, with purchases of $901,805 compared to sales worth $102,534.