Zimbabwe Stock Exchange sheds $900 million


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On the gainers pack, African Sun advanced 24.64 percent to settle at 4.3 cents while CBZ and Colcom advanced 24.61 percent and 22.39 percent to close the week at 20 cents and 61.5 cents respectively.

Additionally, Lafarge and Ariston gained 20 percent and 19.84 percent to settle at 60 cents and 3.02 cents respectively.

Truworths added 17.27 percent to trade at 1.29 cents.

Afdis, ZB Financial Holdings and Mashonaland also gained 13.33 percent, 11.54 percent and 12.9 percent to close at 170 cents, 29 cents and 3.5 cents respectively.

Cement maker, PPC gained 9.80 percent to settle at 90.04 cents while NicozDiamond advanced 8.11 percent to trade at 4 cents.

Zimre, FBC and Dawn advanced 5.88 percent, 4.77 percent and 4.35 percent to close at 1.8 cents, 20 cents and 2.3 cents in that order.

CFI gained 4.53 percent to trade at 66.5 cents while Masimba Holdings gained 4 percent to trade at 6.24 cents.

Proplastics advanced 1.33 percent to settle at 7.6 cents.

Media group, Zimpapers advanced 1.99 percent to close the week at 1.07 cents.

On the mining space, Riozim, Bindura and Hwange pushed the resource index higher after gaining 10.51 percent, 5.26 percent and 19.87 percent to settle at 80.67 cents, 4 cents and 3.74 cents in that order. Falcon remained unchanged at 2 cents in the week.

Foreigners remained net sellers in the week, disposing of shares worth $9.1 million compared to buys of $2.9 million. – The Source

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The Insider

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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