Second-tier stocks dominate ZSE

construction giant M&R being the most dominant stocks.
Construction group M&R saw a special bargain of 3,6 million shares being executed between foreign investors at a stable price of US13,50c.

Across the board, shares traded in the negative in the week opening trades as the industrial index lost 0,12 percent at 161,77 points.
Losses outnumbered gainers by 11 to six counters as Dairibord, Natfoods and OK weighed down the industrial index easing 4 percent, 1,26 percent and 2,78 percent to close at US24c, US93,8c and US10,50c respectively.

Retails group OK saw 3,6 million units change hands in trades worth US$360 million as TSL added US1c at US10c resulting in three million shares changing hands.
Turnover was marginally lower at US$1,8 million on 12,4 million shares while foreign participation improved significantly on both sides.

Foreign investors were net sellers with sales in OK, Hippo, M&R and Innscor amounting to US$897 692 against purchases of US$659 191 in Innscor and M&R.
NTS was the worst performing counter after trading 40 percent lower at US3c.

Delta and Econet, however, recorded marginal recovery putting US0,02c apiece at US80,02c and US440c respectively on buying pressure.
The mining index was unchanged at 161,35 points after Hwange and Rio traded at previous levels. Hwange was unchanged at US60c while Rio traded at a stable price of US92c.
In yesterday’s trades the industrial index marginally rose 0,04 percent to close at 161,83 points as heavyweight counters pulled up the index.

Tobacco processors BAT gained US8,10c to trade at US95,10c and ABCH moved up US5c to close at US70c ahead of its financial results out today. Innscor, Old Mutual and Seed Co added a cent each to close at US64c, US151c and US123,10c respectively.

Telecommunications operator Econet dropped US9,90c to trade at US430,10c while Chemco, Meikles and TA were each a cent down at US8c, US28c and US10c respectively.
The mining index was 0,46 percent lower at 160,61 points after Bindura shed US1,50c to trade US4,50c with Falgold, Hwange and RioZim unchanged at previously trading day’s levels.

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