Industrial index maintains downward trend as ZSE continues to suffer

THE equities market maintained its downward trend after the benchmark industrial index faltered by 1,88 points on Thursday to close at 112,22 points dragged by losses in heavyweights.

This is the fourth consecutive loss since the start of the year.

Zimbabwe Stock Exchange largest company by market capitalisation Delta, was US$0,0148 lower at US$0,6802 while conglomerate Innscor shed a hefty US$0,0596 to trade at US$0,24.

Telecoms giant Econet marginally dropped US$0,0002 to close at US$0,2100.

On the upside, two counters—Seedco and Turnall traded in the positive territory. Seedco recovered US$0,0035 to settle at US$0,8375 while Turnall added US$0,00010 to close at US$0,011.

The mining index was unchanged at 24,27 with all counters maintaining previous price levels.