ZSE counters end week in red

The Zimbabwe Stock Exchange ended the week on a low note due to a massive disposal of shares by investors.

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ZSE

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The industrial index marginally gained 0.01 points to close at 157.57 points while the resources index went down by 0.90 points to close at 42.03 points.

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Only one counter INNSCOR traded in the positive territory after recording a net gain of 1.51 cents.

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Counters in the negative territory included seed producer SEEDCO which lost a cent to close at 96 cents, MEIKLES dropped 0.50 cents to close at 9.50 cents and PADENGA went down 0.10 cents to close at 9.80 cents.

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The industrial index rose by 0.38 points compared to week ending 17 April 2015.

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BINDURA was 0.10 cents lower at 4 cents.

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FALGOLD, HWANGE and RIOZIM maintained previous trading levels at 0.40 cents, 3.50 cents and 6 cents.

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Week on week the mining index shed 4.89 points.