Losses weigh down industrial, resource indices

points while the resource index was down 0,7 percent or 0,56 points to 84,08 points.
Daily turnover came in at about US$2,22 million from 15 214 266 shares traded.
Liquidity shortages have remained the major issue negatively impacting on the performance of the bourse and the economy.

There is a general view that the speeding up of the constitution-making process coupled with the holding of free and fair elections will aid investor confidence.
There is a view that the current uncertainties and failure to come up with an investor protection policy was also contributing to low foreign investor participation.
After trades, Econet Wireless led the shakers, easing US10c to US410c. ABCH dropped a cent to US54c and Padenga was down US0,30c to US4,20c.
Barclays lost US0,19c to US3,30c. CFI gained a cent to US6c. OK Zimbabwe gained US0,50c to US10,50c, Aico Africa rose US0,20c to US12,20c and CBZ was up US0,19c to US9c.

RioZim lost US2c to US48c. The company is looking for a syndicate loan facility to recapitalise operations.
Falgold had a firm bid at US12c. Bindura Nickel Corporation and Hwange Colliery Company were unchanged at previous trading levels.

Hwange is seeking to mobilise equipment worth about US$50 million under credit finance by equipment suppliers, as the country’s largest coal mining firm targets to double output in the next 12 months.

 

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