ZSE market spend slumps 52pc

Business Top Stories Zimbabwe

Ndaka Majaka

THE Zimbabwe Stock Exchange opened the week in the negative as market spend tumbled 52,5 percent from ZWL$6.64 million to ZWL$3,15 million.

According to data from the bourse, the volume of shares traded in the week-opening session was down 23,88 percent to 1,96 million shares driven by trades in Dairibord (16,55 percent), Delta (16,37 percent), Econet (12,81 percent), SeedCo (12,02 percent) and Star Africa (10,62 percent).

The four benchmark indices closed pointing southwards, with the primary All Share Index losing 0,23 percent to 232,78 points, while the Industrial Index shed 0,10 percent to 777,11 points. The blue chips index retreated 0,35 percent to 218,02 points.

Nickel miner Bindura was the day’s top casualty after succumbing 18,75 percent to $0.1300.

Resultantly, the Mining Index went down 7,84 percent to 278,28 points.

The risers and fallers spectrum was equally distributed at eight as four counters remained unchanged.