Stock market hit by increased sellers

Increased sellers slowed down the stock market leading to losses by most blue-chip listed counters.

The all-share index closed the week on a lower note after dropping 0,71 points to close at 231,58 points, industrials dropped by 2,43 points to 770,53 points, the top ten shed 1,00 points to 205,85 points while the minings marginally rose by 0,49 points to 336,87 points.

Delta  Corporation eased 6,87 cents to close at 339,82 cents, Powerspeed traded 3,50 cents lower at 22,50 cents, Masimba holdings lost 2,50 cents to 16,50 cents, Padenga slumped by 1,69 cents to 246,06 cents,OK Zimbabwe limited dropped by 0,48 cents to 70,76 cents.

Old Mutual gained 11,86 cents to 3568,30 cents, Seedco International limited added 1,75 cents to 283,00 cents, CBZ Holdings advanced by  1,25 cents to 65,00 cents, Mashonaland Holdings traded 0,96 cents higher at 10,00 cents while Simbisa brands was 0,26 cents firmer at 128,00 cents.

On the interbank market, the Zimbabwe dollar traded at 16,54 against the United States dollar, it was p[egged at 22,29 with the South African rand, trading at 18,48 with the Euro,  and being pegged at 0,874 with the South African rand while trading at 1,522 with the Botswana Pula.

The Johannesburg Stock Exchange marginally increased by 1,86 percent, the New York Stock Exchange surged by 0,87 percent while the London Stock Exchange went up by 2,33 percent.

Crude oil advanced by1,40 percent to US$65,10, gold marginally rose by 0,10 percent to US$1,471,20 cents an ounce and platinum shed 0,54 percent to  US$939,70 cent an ounce.