ZSE opened week lower, insurers Old Mutual and FMHL among today’s losers
HARARE, The All Share Index retreated a marginal 0.21% to close at 1.5.05 on the back of losses in FMHL, Hippo and PPC. The week however opened with turnover decent at $1.5 mln with notable trades in Barclays, Econet, FMHL and OKZim.
Insurer, First Mutual Holdings closed 0.05 c lower at 14.95 while Old Mutual slipped $0.0117 to settle at $7.8465. FMHL’s annual general meeting is due on the 11th of June 2018. Meanwhile, other insurance companies trading on the ZSE had no activity in their shares. These are ZHL, Nicozdiamond and Fidelity.
The Industrial Index and the Top Ten Index lost 0.75 points and 0.59 points respectively while the Mining Index remained unchanged at previous levels.
Hippo Valley led the losers with a $0.2300 loss to close at $1.4000; PPC Limited shed $0.0499 to end at $1.5500 whilst Padenga went down by $0.0058 to trade at $0.6602.
Trading in the positive territory was Seedco which added $0.0057 to close at $2.2907 while Axia and Delta both advanced by $0.0048 to settle at $0.2443 and $2.0276 respectively.
Dairibord Holdings put on $0.0025 to $0.1425 whilst Barclays was $0.0020 stronger at $0.0620.