HomeBusiness DigestZSE records marginal gains as turnover plunges

ZSE records marginal gains as turnover plunges

The Zimbabwe Stock Exchange opened the week firmer with the benchmark industrial index gaining 0,17% to 130,79 points driven by gains in mid cap counters despite recording one of the lowest turnovers since the introduction of the multi-currencies in 2009.

Dawn and diversified group Meikles led the gainers after their share price advanced by 5,98% and 5,04% respectively.
Insurance giant Old Mutual share price also firmed.

Turnover which averaged US$3 million daily six years ago dropped to US$71 197 from 26 trades, threatening the future of most brokerage firms that survive on commission on trades.

The resources index which has had little activity for a prolonged time also gained 0,34% to 23,57 points buoyed by Bindura.-Staff Writer

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