ZSE index closes week in red

ZIMBABWE
Investors on the troubled Zimbabwe’s Stock Exchange are losing money, as stock prices plummet due to a worsening economic situation in the country.

Investors on the troubled Zimbabwe’s Stock Exchange are losing money, as stock prices plummet due to a worsening economic situation in the country.

THE Zimbabwe Stock Exchange closed the week at 98.8 points with a weekly turnover of US$5,77 million after shedding off 0,09 points in a week characterised by negative trades.

Total market capitalization fell 0,32 percent to close at US$2,85 billion. Year to date, the market value has dropped by 11,46 percent.

Market drivers traded mixed with Delta gaining 1,67 percent while Econet and BAT shed 3,42 percent and 1,23 percent respectively. Volumes traded totalled 8,08 million shares and averaged 1.,62 million shares per day.

Average daily value traded was US$1,15 million despite a post dollarisation low of $105 on Tuesday.
On Friday the industrial index shed off 0,80 points with turnover of US$96,716 weighed down by losses in heavyweights Econet and Delta which traded in the negative.

The resources index lost 0,58 points on weekly basis. –The Source

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