Published: 07 April 2014

ZSE's Industrials opened the second week of April little changed after only 19 counters recorded trades out of the active 62 while total market outturn dropped to below the psychological $1 million level.

The Industrials Index gained a marginal 0.02 or 0.01% to 176.38 as only 3 counters closed in the green against one which traded on the downside while 14 remained stable.

Heavyweights Delta, Econet, Innscor and OK Zimbabwe all traded unchanged at 115c, 62.5c, 62c and 20c respectively.

The Minings Index closed unchanged at 28.53 as Bindura and RioZim remained stable at 1.3c and 20c respectively. Meanwhile, Hwange closed buyers only at 5.5c in the wake of reports that the emergence of coal mining businesses in the coal-rich Hwange is threatening to shatter the firm's 115-year stranglehold on the industry.

Daily market turnover dropped to $607 544 on a volume of 4.982million shares against Friday's $2,998 million on 24.63 million shares.

Hunyani led the top 5 risers adding 0.02c or 2% to 1.02c and bankers CBZ advanced 0.10c to 16.10c while Meikles gained a modest 0.01c or 0.06% to 17.01c.

Cement manufacturer PPC was the only loser on the market, dropping 1c or 0.43% to 230c after reports that managing director Njombo Lekula said there is no need for Zimbabwe to import cement from neighbouring countries because local cement producers have the capacity to meet the current demand.

The Datvest All Share Index closed a modest 0.01% up at 119.16 while the heavyweight's measure, the FBC ZSE-10 Index closed unchanged at 126.25
- zfn

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