The Mining Index, on the other hand, continued on a free fall shedding -2,32 percent (-3.71 points) week on week to close at 154.46 points.
The week witnessed the biggest year to date trade yet when 42 million odd shares in agro-industrial concern AICO Limited exchanged hands in a back to back foreign block trade worth $10,1 million that boosted the weekly total turnover to $21,4 million.
Foreign players dominated all trades on both the buyside transactions and sell side transactions that were at an estimated 68 percent and 70 percent of the total value of traded in the week.
On average 45 stocks were active daily on the market which is about 58 percent of the total tradable counters on the ZSE.
Leading the market losses was the highly illiquid and rarely traded Border Timbers Limited that came off 45 percent to close the week at 30c despite news that operations had resumed at their Mutare pole treatment plant since the previous operations had been disrupted by arson fires.
Furniture and home appliance retail group Pelhams Limited came off -29,4 percent to 0,60c in the wake of the group’s Annual General Meeting (AGM) were management reported Q1 revenues of $3 million and advised the group will consider recapitalisation once sustainable profitability is achieved.
Also trading in the negative were Powerspeed Limited and Falgold Limited that eased an identical 22,2 percent to close the week at 1,4c and 3,5c, respectively.
Counters to mitigate the losses were led by light weights General Beltings Limited that rose 40 percent to 0,14c whist life assurers Fidelity Limited rediscovered their glitter putting on 2,9 percent to close the week trading at 14,75c.
Reignited interest in construction company Murray & Roberts (Zimbabwe) Limited (M&R) saw them push -20,8 percent to 14,5c.
Caps Limited and PGI Limited completed the top five risers for the week that were up 19,1 percent and 16,7 percent to close the week at 0,04c and 0,5c respectively.
For the first time in quite a while Econet Wireless Holdings Limited closed Friday buyers at 440c with no offers in sight as interest in the telecommunications giant continued to soar after selling pressure saw their price crumble to a new 52 week low of 420c on July 29 having garnered 4,8 percent week on week.
Delta Corporation Limited put on 1c or 1,25 percent week on week to 81c as the beverages giant emerged the second most liquid stock on the bourse for the week after 4 995 686 shares were traded over the week in trades that were worth $4 million.
Post published in: Business Analysis