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ZSE end week in the red…
The primary All Share Index lost a further 0.86% to close at 108.76pts while, the Industrial Index let go 0.88% to end at 362.49pts. The Top Ten Index was 1.01% lower at 111.21pts on the back of persisted losses in Econet, Old Mutual and Delta. Ariston was the top faller of the day after dropping 16.67% to settle at $0.00140 trailed by telecoms giant Econet which declined with a hefty 3.90% to close at a vwap of $1.1192, having touched an intra-day low of $1.0900. Retailer OKZim slipped 2.80% to $0.2186 while, giant insurer Old Mutual plunged 1.37% to settle $6.0021 as today was the last day to trade ahead of unbundling. Completing the top five fallers for the day was banking group Barclays which lost 0.28% to end pegged at $0.0710. Delta was amongst the losers as top capitalised stock lost a further 0.07% to $1.8950, closing with a spread of $1.8100-$1.8950. Zimpapers was the sole winner of the... [more]
I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.