adminTHE dominance of the local equities by foreigners is a sign that locals still lack appreciation on the need to use the Zimbabwe Stock Exchange as an investment vehicle. Foreigners have been dominating trade of the local bourse over the past years. In February alone foreign buys amounted to $26,5 million and sales amounted to $24,6 million.
Meanwhile, the Industrial index closed on the week on Friday lower at 167.16 points after shedding 0.86 points (0,51 percent).
Econet lost 1.50 cents to trade at 51.50 cents, Delta dropped a cent to 115 cents and Dairibord Zimbabwe eased 0.40 cents to trade at 8.60 cents.
Two counters traded in the positive territory; Turnall added 0.50 cents to settle at 1.50 cents and Starafrica increased by 0.19 cents to trade at 1.79 cents.
Week on week the industrial index went down by 0.97 points (0,58percent)
The Mining index was steady at 55.38 points. Bindura, Falgold, Hwange and RioZim were unchanged at 5 cents, 2 cents, 4 cents and 10 cents respectively.
The mining index gained 8.29 points (17,60 percent) compared to week ending 20 February 2015.
Online Reporter