ZSE records marginal gains

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THE equities market, the Zimbabwe Stock Exchange (ZSE) today closed trades 0,32% up to 131,72 points driven by gains in heavyweights.

 

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Diversified group Innscor led the risers, advancing 2,9% to 62 cents, while beverages group Delta Corporation, the biggest ZSE counter, also gained 0,3%.

Delta, the local unit of South Africa’s SABMiller accounts for nearly a third of ZSE market capitalisation.

Telecoms giant Econet share price was flat at 27 cents by close of day along with 42 other counters whose price was unchanged, signaling little activity on the local bourse.

On the downside, Colcom was the only counter trading in the red after shedding 3,7%.

The resources index was unchanged at 23,97 points.

ZSE market capitalisation, at US$3,4 billion, shed nearly US$2 billion as at September 30 2015 on a year-on-year basis, weighed down mainly by the poor performance of blue chip counters.—Staff Writer.

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