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ZSE Indicators close week in the red…
The market failed to sustain yesterday’s gains, as all the benchmark Indices closed pointing southwards. The mainstream All Share Index dropped 1.02% to 151.68pts while, the Industrials inched down 1.03% to settle at 505.91pts. Similarly, the Top Ten Index retreated 1.43% to end at 149.19pts while, the Mining Index tumbled 0.13% at 217.63pts, dragged down by nickel miner Bindura that slipped 0.47% to settle at $0.0856. SeedCo International succumbed 12.08% to $1.7584, where demand could be established. Conglomerate Innscor dropped a further 10% to close at $1.8000 while, Cassava softened 1.04% to $1.4536. Insurance company FML completed the fallers of the day after a 0.36% loss to $0.1400.
Star Africa reversed yesterday’s losses as it added 11.11% to settle at $0.0110, trailed by OKZim which put on... more
You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.