The Sunday News
THE primary All Share Index lost a further 0,86 percent to close at 108.76 points while, the Industrial Index let go 0,88 percent to end at 362.49 pts.
The Top Ten Index was 1,01 percent lower at 111.21 pts on the back of persisted losses in Econet, Old Mutual and Delta.
Ariston was the top faller of the day after dropping 16,67 percent to settle at $0,00140 trailed by telecoms giant Econet which declined with a hefty 3,90 percent to close at a vwap of $1,1192, having touched an intra-day low of $1,0900.
Retailer OKZim slipped 2,80 percent to $0,2186 while, giant insurer Old Mutual plunged 1,37 percent to settle $6,0021 as yesterday was the last day to trade ahead of unbundling. Completing the top five fallers for the day was banking group Barclays which lost 0,28 percent to end pegged at $0,0710.
Delta was among the losers as top capitalised stock lost a further 0,07 percent to $1,8950, closing with a spread of $1,8100-$1,8950. Zimpapers was the sole winner of the day after putting on 15,65 percent to end at $0,0133 post its trading update where management reported a growth in revenue of 9 percent for the first five months of this year. Losers outnumbered gainers by a count of five to register a negative market breadth for the week ending session.
The Mining Index remained stable at 162.47 pts for the third consecutive session with no trades in the sub-sector. Activity aggregates bounced back in Friday’s session as volumes traded gained 9,53 percent to see 1,89m shares exchange hands valued at $5,36m which was 103,70 percent up from previous session. Old Mutual and PPC were the top volume and value contributors as the duo claimed a combined 70,5 percent of the former and 92,41 percent of the latter. Foreign buys ballooned 209 percent to $4,64m while, sales garnered 64,37 percent to $1,46m registering a net funds inflow of $3,18m.
