Market starved of uplifting news

THE Zimbabwe Stock Exchange is thirsty for uplifting news resulting in subdued trade although hope has been put on the budget statement traditionally presented in November.
Analysts note that except the tight liquidity, there seems to have no news coming out from policy markets to lift the mood on the local bourse.
Meanwhile, the Industrial index lost 0.84 points (0,44 percent) to close the week lastr Friday at 189.14 points.

Natifoods moved 10 cents down to 300 cents and Econet shed 1,21 cents to 78 cents.
BAT decreased by a cent to 1 397 cents, while Meikles and Radar each put off half a cent to close at 15,5 cents and 2.5 cents respectively.

Gains for the day were recorded in Seedco, which put on 1,5 cents to 80 cents, while Mash gained 0,05 cents to 2,7 cents and Starafrica increased by 0,01 cents to 2.2 cents.

The Industrial index lost 4.31 points (2,23 percent) in the week.
The Mining index was unchanged at 87.17 points. Bindura, Falgold, Hwange and RioZim maintained previous price levels.
The Mining index lost 1.99 points (2,23 percent) in the week.

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