participation was minimal at US$75 171 on the buy side and a paltry US$4 913 on the sell side.
The resources index eased 3,76 percent to end at 91,95 points on reports that only 69 empowerment proposals by mining firms out of 260 have been approved.
Losses in Hwange also weighed down the mining index. The coal miner slipped 6,90 percent to US27c while Falgold eased 2,44 percent to US10c.
Week on week, the mining index was down 6,47 percent.
Gains in Econet were offset by losses in Delta, PPC, Murray & Roberts and ABC as losers outnumbered gainers by 10 to 4. M&R lost 28,57 percent to US5c after confirming that Murray & Roberts Limited SA had divested from the group through the sale of a 47 percent stake to Zumbani Capital last week.
The US$1,4 million deal went through on ZSE at a discount of 79 percent.
Delta, which was spurred by foreign buying on Thursday, pared 1,43 percent or US1c to US69c on selling pressure with a negligible volume of just 424 shares.
The slide was despite news that the beverage maker’s lager volumes grew 23 percent to the full year ending March 31, 2012. The financials are expected this week.
Dual-listed PPC and ABC lost US1c apiece to US260c and US58c while the biggest loser was furniture group Pelhams which shed 33,33 percent to US0,4c.
Local interest in Econet helped the price gain a further 1,97 percent to US390c.
Financial counter FBC rose 5,36 percent to US5,9c, Dawn added 3,23 percent to US0,64c while Dairibord put on a marginal US0,06c to US17c.
During the first three months of the year, Dairibord turned over US$24 million, 19 percent in positive variance with last year’s comparable period.
Volumes also increased 13 percent with raw milk increasing 8 percent compared with the same period last year.
Economy: Growth signs visible
Martin Kadzere Senior Business Reporter ZIMBABWE has made significant progress towards achieving upper-middle-income status, with the country’s Gross National Income per capita growing by 84 percent since 2021, Finance, Economic…



