ZSE indices see losses in midweek trading

The Zimbabwe Stock Exchange (ZSE) All-Share Index ended the day yesterday lower after taking a heavy hit, dropping 183,68 points or 122 percent to close at 14,813.08 points.

The all share index was however not alone in the drop zone, after all the ZSE sub-indices were left in the red, with the Top 10 closing at 9,794.50 after losing 1,50 percent.

Similarly, the Medium Cap Index surrendered 0,44 percent to end the session at 24,551.26 while the Small Cap index closed at 402,602.71 points after shedding 0,17 percent.

The losses were driven by National Foods, which dropped $48,0319 to $1 750 and another top ten counter Econet Wireless ,which traded $3,84 lower at $134,6271.

Mid Cap banking group FBC Holdings lost $3 to close at $33 as conglomerate Innscor Africa also shed $2,4642 to end at $276,3284. ICT counter Ecocash was $2,4401 weaker in the session to close the day at $65,6675.

Losses were offset by gains in ART Holdings which gained $1,05 to close at $15,5571 and mid cap tourism stock African Sun, strengthened $0,2857 to $9,2857.

Construction firm Masimba Holdings was $0,2 higher at $52 as clothing retailer Edgars advanced by $0,1967 to settle at $5,6067.

Banking stock CBZ Holdings recovered $0.1641 in the day to close stronger at $89.0625.

For the first time since listing the Datvest ETF traded unchanged at $2,2300 as the Old Mutual ETF advanced by $0,0030 to settle at $8,8917 and Morgan & Co Multi Sector ETF was $0,1530 stronger at $14,7000.-eBusiness Weekly