Published: 16 January 2014

ZSE Industrials closed in the red on Monday dragged by losses in heavyweights OK Zimbabwe, Old Mutual and Hippo which canceled gains in Econet.

Volumes dropped with the daily market turnover closing below the psychological $1 million level at $740 443 on a volume of 4.057 million shares compared with Friday's $900 400 on a volume of 1.882 million shares.

Industrials eased 0.59 points or 0.29% to 200.45 as blue chips OK Zimbabwe, Old Mutual and Hippo closed amongst the top fallers on the market

Heavyweight retailer, OK Zimbabwe dropped 5% to 19c while Old Mutual and Hippo eased 10c and 0.02c each to 240c and 90c respectively.

One of the top gainers, telecoms giant Econet gained 0.1c or 0.17% to 60.1c while Delta and Innscor traded unchanged at 138c and 80c respectively.

The Minings Index eased 1.71 points or 3.73% to 44.08 as Falgold led the top fallers on the board, shedding 1c or 20% to 4c while Bindura eased 0.1c or 5% to 1.9c.

Natfoods led the top risers, advancing 10c or 5% to 210c while NTS gained 0.1c or 4% to 2.6c. FML added 02c or 2.5% to 8.2c and DZLH gained 0.1c or 0.67% to 15.1c.

African Sun remained stable at 2.7c after reports that the tourism hospitality group said Lengrah Investments (Private) Limited's offer to acquire shares of all minority shareholders will be done in accordance with the ZSE listing requirements.
- zfn

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