ZSE trading activity tumbles

ZSE trading activity tumbles
Published: 28 November 2013
Trading activity on the ZSE slumped on Thursday with daily market turnover closing below the psychological $1 million level having recorded meaningful trades in the past 4 sessions while Industrials remained weak as blue chips Delta and Hippo closed in the red.

Volumes tumbled with the daily market turnover dropping to $499 590 on a volume of 1.232 million shares against yesterday's $2,860 million on a volume of 11.10 million shares.

Only 24 counters recorded trades with just 4 managing gains and 5 recoding losses while the rest remained stable at previous levels.

The Industrials Index eased 2.02 points or 0.93% to 21524 with losses in heavyweights Delta and Hippo cancelling out gains in Econet.

Blue chip Delta dropped 3.30c or 2.15% to 150c while Hippo led the top fellers on the market, easing 10c or 8.70% to 105c.

Innscor closed buyers and sellers only at 70c and 85c respectively as its associate Colcom closed amongst the top 5 fallers on the day, shedding 2c or 7.14% to 26c.

Telecoms giant Econet added a modest 0.19c or 0.31% to 62.20c while OK Zimbabwe dosed buyers and sellers at 20c and 23c respectively.

The Minings Index remained stable at 47.02 as Bindura traded unchanged at 2c with no activity in other mining counters.

Only four counters traded in the green led by Cafca, adding 1c or 3.23% to 32c while TSL gained a marginal 0.01c or 0.03% to 35.01c.

Bankers ABC closed 0.02% firmer at 50.01c.

There is generally a bearish sentiment in the market at the moment and investors can be on the lookout for buying opportunities that might arise.

- zfn
Tags: ZSE, Minings, Industrials, ,


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