Published: 11 April 2014

ZSE's Industrials faltered on Friday with heavyweights Delta and Econet closing amongst four counters to trade on the downside as turnover closed above the psychological S1million.

A special bargain of 158.71 million Willdale shares executed by brokers Lynton Edwards at 0.25c saw the total market outturn improving to $1.240million from yesterday's $563 983 while the number of shares trading rose to 163.66million from 5.262million.

Weekly market turnover decreased to $9.162million on a volume of 230.3million shares against last week's $10.71million on 39.23million shares.

The Industrials Index eased 2.09 points or 1.20% to 172.59 while the Minings Index remained stable at 28.82 as the resources sector remained inactive.

Blue chip Delta led the top risers shedding 5c or 4.35% to 110c while its subsidiary Afdis closed as the top riser adding 5c or 16.67% to 35c. Econet dropped 0.50c or 0.81 % to 61.50c following reports that the firm's mobile money transfer service EcoCash has handled over S4 bin since inception in 2011.

Conglomerate Innscor traded unchanged at 62.2c while OK Zimbabwe closed buyers and sellers only at 18c and 20c respectively. Dual listed Old Mutual remained stable at 240c ahead of their analysts briefing next week.

Other counters to trade in the positive were Mash. Meikles and bankers FBC advancing 14.43%, 5.88% and 0.79% each to 2.30c, 18.01c and 12.70c respectively.

Padenga eased 0.29c or 3.63% to 7.70c while ZPI closed 1.04% weaker at 0.95c.
- zfn

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