ZSE weighed down by mining index

HARARE – Consecutive losses by BINDURA continues to weigh down the Zimbabwe Stock Exchange (ZSE)’s mining index.

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The benchmark index is however on an upward trend.

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The mining index, which has been on an upward trend spurred by the strong performance by BINDURA, opened the week in the red after falling by 7 percent to close the day at 59.10 points.

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BINDURA Lost 0.80 cents to close at 5 cents, while FALGOLD, HWANGE and RIOZIM were unchanged at 3 cents, 4.80 cents and 15 cents respectively.

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While the mining index is on a downward trend, the benchmark industrial index was up 0.40 points to close at 163.10 points.

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Market capitalisation however continues to marginally improve, closing the day at US.319 billion from US.274 billion as of Thursday last week.

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Turnover for the day amounted to US2 000.

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Industrial holding, INNSCOR which recently announced management changes added 1.50 cents to settle at 57 cents, COLCOM was a cent higher to close at 25 cents while BARCLAYS increased by 0.30 cents to 3 cents.

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Beverages manufacturer DELTA which last week announced an increase in shares in issue was marginally up by 0.03 cents to trade at 106.03 cents.

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DAWN, ECONET, MASH and PADENGA were each 0.10 cents down to close at 1 cent, 59.90 cents, 2.70 cents and 8.90 cents respectively.