Published: 26 August 2013

ZSE's Industrials waded back into negative territory after a sluggish Monday trading session where only 2 counters managed gains while 4 ended in the red.

The Industrials Index eased 0.37 or 0.20% to 183.53 with heavyweights Delta and Econet trading on the downside while Innscor and OK Zimbabwe traded unchanged.

Delta dropped another 0.74c or 0.66% to 111.01 c while Econet closed 0.68% weaker at 49.65c. Other heavyweights Innscor and OK Zimbabwe closed unchanged at 86c and 21c respectively.

The Minings Index remained unchanged at 48.14 with Falgold closing sellers only at 10c against Friday's buyers only at 4c while Bindura traded unchanged at 1.81c.

Daily market turnover dropped to $588,283 on a volume of 5.019 million shares against Friday's $2,048 million on a volume of 44.59 million shares.

Only two counters closed in the green, NicozDiamond adding 0.10c to 1.7c and FBC gaining 0.51c or 5.67% to 9.51c after the group's CE John Mushayavanhu said the firm is developing a 72-cluster home project in Waterfalls as the financial services group plans to complete half of the units by year end.

Bankers Barclays led the top 5 fallers on the day shedding 0.30c or 7.89% to 3.5c while Meikles dropped 0.50c or 1.67% to 29.5c.

The benchmark Datvest All Share Index dropped 0.45 points or 0.36% to 122.54 while the FBC ZSE-10 Index was 0.48 points or 0.38% to 125.07.

The Insurance Index was the only sector to manage gains after adding 0.93 points or 0.75% to 125.22 after gains in NicozDiamond. 
- zfn

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