Heavyweights drag ZSE industrial index

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THE Zimbabwe Stock Exchange industrial index was 0,63% lower to 105,19 in midweek trades weighed down by losses in heavyweights.

Insurer Old Mutual lost US$0,035 to close at US$1,88 while Delta and Econet put off US$0,0071 and US$0,0030 respectively.

Meikles closed at US$0,0766 after a US$0,0028 loss. Agro-industrial concern TSL also declined by US$0,0119 to trade at US$0,1475.

On the upside, cement maker PPC advanced US$0,0025 to trade at US$0,96 while Powerspeed added US$0,0010 to US$0,0240.

Other gains were recorded in Simbisa and Innscor , a day after the latter announced that it had divested from supermarket chain SPAR.

The mining index was unchanged at 21,74 points.-Staff Writer

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