ZSE closes in red amid improved activity

ZSE closes in red amid improved activity


HARARE, The Zimbabwe Stock Exchange (ZSE) market continued to trade southwards on Tuesday amid improved activity. As a result, turnover was solid at $2.8mln on the back of block trades in Delta, OM and Seedco.

The All Share Index retreated 0.09 points on the back of a 0.32 points loss in the Industrial Index. The Mining Index closed flat with RioZim trading unchanged. The market continued to exhibit strong selling pressure especially from the retail sector accompanied by selective buying.

Insurance Report

Old Mutual lost 24c to trade at 530.00c with a total 90,861 shares exchanging ownership. Fidelity Life Assurance remembered to traded in as many weeks with a total 11,188 shares exchanging hands at a flat rate of 8c per share.

FMHL, Nicozdiamond and ZHL did not trade.