Zimbabwe Stock Exchange shares opened the week in the red after losses in select heavyweight counters restricted gains but the outlook for the market remains depressed amid a liquidity constrains. The market is experiencing shortages of RTGS dollars as street money changers have been saying they are experiencing problems in getting a float.
However, on the stock market the trading breadth was positive after 19 stocks recorded gains against 14 fallers.
Although, at close, the All Share Index retreated 0.17% to 6,866.98pts. The Top 10 Index gained 0.90% to 3,757.02pts. Among the heavyweights, Innscor led after gaining 1.69% to ZWL$102.9288 with a year to date gain of 177.39%. Delta was 1.55% firm to ZWL$87.2967.
There were losses in BAT which shed 20% to ZWL$912.0000 and OK Zimbabwe was 0.28% lower to ZWL$16.4528.
The Medium Cap Index retreated 1.79% to 17,305.90pts. Clothing retailer eased 8.88% to ZWL$3.5000. NMBZ lost 6.25% to ZWL$15.0000. Milk processor Dairibord shed 3.52% to ZWL$40.0000 and completed the top five losers set.
In the green was Simbisa, First Capital Bank and Ariston added 3.69%, 3.65% and 2.63% to ZWL$43.6593, ZWL$3.1155 and ZWL$3.0787 respectively.
The Small Cap Index recovered 0.55% to 221,366.86pts on Zimpapers and Medtech which put on 7.14% and 1.77% to ZWL$2.7000 and ZWL$0.2351 in that order.
Nickel miner Bindura fell 5.12% to ZWL$4.9237.
Turnover stood at ZWL$137.28 million after 5.83 million shares traded – Harare