Heavyweight counters went largely down as SeedCo Limited gave up $0,03 to trade at $1,35 and Econet dropped $0.02 to trade at $4,78.
Stock market analysts said counters that were up included mining giant Rio Zimbabwe by $0,01, Fidelity also up by $0,50, beverage conglomerate Delta by $0,11, Hunyani Holdings up by $0,10, and Dawn Properties also up by $0,10.
The ZSE said counters that were in the red included SeedCo by $0,30, Econet $0,20, insurance giant Old Mutual Limited by US0,01, construction entity Murray & Roberts down by $0,10, and Hippo Limited also down by $0,10.
Hippo, M&R and Old Mutual were each $0,01 softer at $1,20, $0,17 and $1,60, respectively.
The Mining Index, on the other hand, moved up 0.63 points to close at 229.24 points.
This was a 0.28 percentage change. Rio Zim moved up $0,01 to trade at $1,90.
Mining entities Bindura Nickel Falcon Gold and Hwange Colliery Company were mainly unchanged.
The International Monetary Fund (IMF) last week told the media that Zimbabwe’s new Indigenisation Act, which impacts heavily on the mining industry, would cause problems for much-needed financial capital coming into the country.
The ZSE pointed out that the regulations would dampen hope on the bourse.
Post published in: Manufacturing