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Market slides on ZSE selloff…
Persistent selling pressure on the bourse saw three of the benchmark Indices open the week in the red. The Top ten Index plunged 16.98% to end at 171.60pts as heavies continued to wane. The mainstream All Share Index lost 14.32% to 171.60pts while, the Industrial Index eased 14.51% to 575.74pts. Twenty counters registered price movements with only two trading in the positive while, ten recorded losses to set a negative market breadth of eight for the day. Getbucks emerged the top gainer after ticking up 19.73% to $0.0540 trailed by property company Dawn that put on 5.71% to settle at $0.0259. Medtech was the top casualty of the day after plunging 50% to end at $0.0001 followed by Delta ... [more]
Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows.
The Industrial Index closed the week 0.16% up at 168.36pts as retailers OK Zimbabwe advanced 6.87% to 14c and financial services group Old Mutual notched 0.42% to 237c. Weakness that creeped in...
The ZSE was pegged back for the second day running in Thursday trades, as earlier gains fail to hold. The main Industrial Index retreated 0.33% to 168.09pts despite...
There was a marked slow done in activity with turnover falling below the $1mn mark as a 40.56% decline took it to $0.70mn. Econet had a healthy share of today's trades shoring $500,000.00 or...