adminTHE weakness on the Zimbabwe Stock Exchange persisted last week with all four indices closing in the negative territory as panic increases due to inflation fears work their way out. At the close, the main industrials index had lost 3,29 percent in the week, while the newly introduced ZSE All Share Index was down 3,37 percent to close at 91,49.
The ZSE Top 10, also new, was the week’s biggest loser after it dropped 4,04 percent to close at 90,58. The Mining Index was, however, positive adding 0,11 percent to close at 134,52.
Last week’s losses pushed the market further into the red, with the Industrials Index now 8,2 percent lower since the beginning of the year. The mining Index is down 5,53 percent year-to-date, the All Share Index down 8,51 percent. Again the ZSE Top 10 is worse off after losing 9,42 percent. On Friday there were seven fallers against five risers. — Herald
derick.khumalo