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HEAVYWEIGHT counters are still the best picks for investors on the Zimbabwe Stock Exchange as analysts say their continued rally has been contributing to the bullish trend on the equities market. The market ended the week on Friday positive, pushed by gains in Econet. The Industrial Index gained 0,52 percent to close at 201.28 points, and the Mining Index gained 0,07 percent to close at 101.84 points.
The top risers were: Zimplow, up 20,6 percent to close at 6,03c; Rio gained 15,38 percent to close at 22,5c; FML added 7,97 percent to close at 6,5c; Econet gained 5,21 percent to close at 84,01c; and OK gained 3,19 percent to close at 16,51c.
Medtech led the losers, down 20 percent to close at 0,04c; Delta fell 1,41 percent to close at 138c; Old Mutual lost 1,38 percent to close at 286c; Bindura dropped to 8,9c, a loss of 1,11 percent and Edgars lost 0,08 percent to close at 12c.
The value of trades was $1,54 million, buoyed by trades in Innscor, Econet and Seedco.
Bongani Ndlovu
Online Reporter