ZSE extends losses

ZSE extends losses
Published: 24 July 2014
The equities maintained a downward trend, dipping 0.36 percent as trading on the bourse remains depressed.

Industrial counters that traded in the red out-numbered gainers seven to three as the Industrials index shed a further 0.66 points to close at 184.95 points.

Radar led the top losers, losing a hefty 5.98 cents to close at 2.02 cents, Hippo eased 5 cents to trade at 65 cents and TA Holdings slipped 1.51 cents to 15 cents.

Telecoms giant Econet and Meikles both traded a cent lower to close at 73 cents and 17 cents respectively.

The three counters that traded in the positive territory include Star Africa, which was up 0.20 cents to trade at 1.35 cents, ZHL which gained 0.10 cents to settle at 0.95 cents and ZPI which increased by 0.04 cents to close at 0.89 cents.

The mining index extended by 1.89 points (or 3.19 percent) to close at 61.13 points following gains in Bindura, which rose 0.21 cents to 5.01 cents. Falgold, Hwange and Riozim were unchanged at previous trading levels.

The total value of trades was $463K, buoyed by volume in Afdis, Delta and Bindura. 
- BH24


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