ZSE Industrials sell-off continues

ZSE Industrials sell-off continues
Published: 07 August 2013
Industrials on the ZSE continue to plunge in the negative while volumes improve significantly.

The Industrials Index dropped 2.02 or 1% to 200.01 points on the back of losses in heavyweight counters Innscor and OK Zimbabwe.

Retail giant OK Zimbabwe led the top fallers, shedding 1.70c or 6.30% to 25.3c while conglomerate Innscor eased 5c or 5.56% to 85c.

Blue-chips Delta and Econet traded unchanged at 120c and 55c respectively.

The Minings Index also eased 1.63 points or 2.61% to 60.71 points as Falgold closed sellers only at 7c down from 9c.

Hwange closed 14c buyers as the colliery company has with immediate effect appointed Jemester Chininga as acting managing director.

Daily market turnover improved to $3.920 million on a volume of 7.048 million shares against yesterday's $2.734 million on a volume of 6.286 million shares.

There were just 2 risers across the board with African Sun advancing 0.30c or 25% to 1.5c and Meikles picked up 1.02c or 3.92% to 27.02c.

Other notable top fallers were TSL which dropped 2c or 6.25% to 30c and Dawn which eased 0.02c or 2.22% to 0.88c. Aico Africa traded 0.10c or 1.56% weaker at 6.3c.

Zimpapers eased 0.01c or 0.99% to 1c while cigarette manufacturer BAT dropped 5c or 0.34% to 1470c.

- zfn

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