By ETimes

Sentiment on the market continues to weaken in the midst of a currency exchange volatility as black market rates are expected to be more than double the official exchange rates, driving much of the price increases on the markets in local currency terms.

The overall market breadth was negative with fallers outpacing the risers.

At Wednesday’s close, the mainstream All Share Index fell 2.95% to 11,966.52 points. Banking counter CBZ led the fallers losing 14.05% to 9,454.54c but still has a year to date gain of +10.63%

NatFoods, Econet and OK Zimbabwe lost 8.43%, 6.14% and 5.9% to settle at 171,693.54c, 7,969.75c and 2,759.10c respectively.

As a result of the losses the Top 10 Index suffered the most as it succumbed 3.56% to 7,712.38 points.

Farming implements supplier Zimplow led the risers gaining 1.99% to 2650.02c and left its year to date at +430.00%. Banking counter NMBZ climbed 0.93% to 1199.06c. Conglomerate Starafrica was 0.28% higher to 130.39c.

Nickel miner Bindura rose 0.26% to 501.63c.

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There were however losses in brick maker Willdale which lost 5.45% to 311.95c. Because of losses in Willdale the Medium Cap Index lost 1.48% to 21,461.10 points.

The Small Cap Index recovered 0.46% to 399,218.53 points on GB holdings which added 0.62% to 201.24c.

Turnover was better than yesterday at ZWL$315.04 million after 4.23 million shares traded.

Beverage maker Delta led on value traded at ZWL$161.77 million-HARARE

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