By ETimes

The Zimbabwe Stock Exchange closed southwards on Tuesday as investors take profit from recent gains.

At the close of trading, the market recorded 16 gainers led by Turnall as against 19 losers led by Dairibord. The market had recorded gains in the previous session on mid-caps rally.

Accordingly, the mainstream All Share Index retreated 0.56% to 10,961.59 points. Market capitalization declined 0.53% to ZWL$1.33 trillion.

 The economy has already been battered by internal factors such as power outages and weak business confidence.

Losses in banking counter CBZ saw the Top 10 Index falling 0.06% to 6,930.82 points.

There were gains in Innscor and Delta which added 4.38% and 2% to settle at ZWL$176.10 and ZWL$159.24 respectively.

Roofing products manufacturer Turnall gained 4.78% to close at ZWL$4.20. GB Holdings garnered 2.38% to ZWL$2.10.  As a result the Small Cap Index rose 0.82% to 399,170.78 points.

On the other hand, milk processor Dairibord plunged 18.96% to ZWL$32.00 while Mash Holdings followed with a decline of 16.77% to close at ZWL$2.58. FML shed 10.61% to ZWL$19.00. Horticulture exporter Ariston eased 9.55% to ZWL$3.24.

The Medium Cap Index suffered the most as it succumbed 1.91% to 20,465.03 points.


Partially offsetting the losses was Nampak which was 4.55% higher to ZWL$11.50.

Turnover for the day stood at ZWL$23.3 million after 174.37 million shares traded.

Transactions in ZHL topped the activity chart with 20.24 million shares valued at ZWL$68.84 million. Delta followed with 158 800 shares worth ZWL$25.28 million while BAT traded 5 300 shares valued at ZWL$16.37 million.

On the ETF side, the Top-10 lost 0.04% while Multi-Sector gained 0.01% – HARARE


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