Published: 17 April 2014

ZSE shares faltered on Thursday ahead of Easter holidays as only one counter traded in the green while 6 counters closed in the red and 8 unchanged.

The Industrials Index eased 0.62 points or 0.37% to 164.79 with Old Mutual closing in the green and blue chips Delta, Econet and OK Zimbabwe closed unchanged.

Dual listed Old Mutual was the only counter to trade firmer on the day adding 5c or 2.08% to 245c. Meanwhile, heavyweights Delta, Econet and OK Zimbabwe remained stable at 105c, 59c and 18c respectively.

Conglomerate Innscor closed buyers and sellers only at 59c and 62c respectively while its associate Colcom closed buyers only at 20c after reports that the firm is targeting 100% capacity utilisation following its decision to move into the lucrative Angolan market.

The Minings Index remained stable at 28.82 with Bindura trading unchanged at 1.3c.

There was a drop in the daily market turnover to $1.781million on a volume of 13.19million shares against yesterday's 44.133million on a volume of 38.79million shares.

Weekly market turnover for the four days of trading up to Thursday slightly improved to $10.59million on 68.93million shares from last Friday's $9.162million on a volume of 230.3 million shares.

The top faller was Cottco easing 0.20c or 20% to 0.8c while Seedco dropped 2.60c or 3.74% to 66.9c. DZLH eased 0.40c or 4.71% to 8.1c.

Bankers Barclays traded 2.86% weaker at 3.4c and Pearl Properties recorded a 1.89% decrease of 0.05c to 2.6c. Clothing retailer Edgars also closed on the downside, shedding 0.11c or0.84% to 13c.
- zfn

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