The Industrial Index seemed to be in the right path for the first two quarter having posted +6,20 percent in the first quarter, followed by a +4,06 percent in the second quarter.
Heightened fears over the implementation of indigenisation laws coupled with global economic slow-down negatively affected the attractiveness of equities markets despite good interim financial results from most companies.
In Friday's trades, ZB Financial Holdings Limited set an all time high of 16c on buying pressure and is now 100 percent up on YTD basis.
Beverages group, Delta Corporation Limited recovered +1,41 percent to 72c and was the most actively traded counter by value after 378 000 shares exchanged hands.
SeedCo Limited put on +1,67 percent to 122c while Padenga Holdings Limited urged +2,04 percent to 5c on a sizable volume of 2,4 million shares.
Pharmaceutical group, Caps Holdings Limited was the worst performing counter of the days shedding -33,33 percent at 0,1c in its last day on the ZSE as the stock was delisted.
Hippo Valley estates Limited and ABC Financial Holdings Limited ended the quarter in the negative losing -5,56 percent and -3,49 percent to close at 85c and 83c, respectively.
Newspapers group, Zimbabwe Newspapers (1980) Limited slipped -13,64 percent to 0,95c in the wake of its June interims in which administration expenses increased faster than revenue to see the group reporting a loss of $1,4 million.
These results come amid conflicting reports on which daily paper has the best readership with The Herald, Zimpapers’ daily papers claiming pole position with 34 percent readership of urban population while The Daily News claimed to be the second most popular daily with a readership of 22 percent, on the other hand News Day also claims market leadership with 65 percent of readership although their statistics came from another study.
The ZSE's Mining Index recorded the second consecutive quarterly loss after slipping -11,03 percent in the third quarter closing at 152,42 after a second quarter loss of -27,77 percent.
Rio Zimbabwe Limited was the most actively traded counter this quarter especially during the month of September.
It has a cumulative quarterly loss of -52,8 percent as investors continue to second guess its recapitalisation.
In Friday's session RioZim was the only mining counter to record a trade and was stable at 59c.
The Mining Index lost -0,63 percent on selling pressure in Hwange Colliery Company Limited which saw the counter close offers at 59,50c below Thursday's trading price of 60c.Post published in: Business