Equities remain depressed

Equities remain depressed
Published: 03 July 2014

The equities market continuing on a downward trend as macro-economic fundamentals remain weak.

Eight counters trading in the negative, while only three traded positively today.

This led the industrial index to slip 0.07 points to close at 186.49 points.

Zimplow recorded the biggest loser after dropping a hefty 7.50 cents to close trade at 5 cents whilst Innscor and Old Mutual each dropped 2 cents to trade at 77 cents and 260 cents respectively.

OK Zimbabwe was 0.50 cents lower to close at 17.50 cents, Fidelity Life lost 0.20 cents to settle at 8.50 cents and Edgars shed 0.10 cents to 12.20 cents.

On the upside; Natfoods added 5 cents to close at 215 cents while Delta moved up a cent to close at 130 cents and ZPI increased 0.04 cents to settle at 0.89 cents.

The mining index also retreated a further 3.29 points driven to close at 58.03 points driven by losses in Hwange. The counter was 2.70 cents lower at 4.80 cents. Bindura , Falgold and RioZim maintained previous trading levels.
- BH24


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