Losses in Econet, Innscor drag ZSE lower

HARARE,– Zimbabwe Stock Exchange eased 0,31 percent to close at 327,41 points weighed down by losses in Econet, Innscor and Axia.

Other losses were recorded in Axia, NMB and Econet which eased 18,83 percent, 4,26 percent and 0,62 percent to settle at 16,17 cents, 9 cents and 98 cents respectively.

Diversified industrial conglomerate, Innscor shed 0,18 percent to trade at 100 cents.

Beverage maker, Delta remained unchanged at 150 cents.

RTG, Simbisa and Old Mutual gained 5,26 percent, 1,21 percent and 0,004 percent to trade at 1 cent, 38,46 cents and 450,02 cents in that order.

Market capitalisation stood at $9,4 billion while turnover amounted to $1,3 million.

Foreign buys amounted to $1,1 million while sales stood at $238,838.

The mining index opened the week higher advancing 0,15 percent to close at 141,68 points as Bindura gained 0,56 percent to close the day at 5,43 cents.

FalGold, Hwange and RioZim remained unchanged at their previous share price of 2,2 cents, 3,8 cents and 120 cents respectively.