Delta, Econet weigh down equities

The equities market opened the holiday-shortened week in negative territory as losses in Delta and Econet weighed on the industrial index.

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econet

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The mainstream index was lower at 153,84 after shedding 2.10 (or 1,35 percent). Econet was 3 cents softer at 46 cents, Delta lost 2 cents to trade at 105 cents and Powerspeed dropped 0,70 cents to trade at 1,50 cents.

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The losses were partially offset by gains in Afdis which added a cent to close at 51 cents and Old Mutual moved up 0,31 cents to close at 256,51 cents.

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Turnover was improved at $2,1 million.

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The Mining index remained flat at 44.38. Bindura, Falgold, Hwange and RioZim maintained previous price levels at 4 cents, 1 cent, 3,50 cents and 8,50 cents respectively. – BH24