Equities trade lower as thin volumes persist

THERE were no surprises in the trading session as the Zimbabwe Stock Exchange's Industrial Index closed the day -0,01 percent lower in yet another short and thin trading session.

Total turnover remained depressed though it picked up at $757 559 while volume thinned to 4,7 million shares from yesterday’s 8,2 million as foreign participation on the bourse was negligible.

Foreign trades were net sales with sales of $116 577 against purchases of $57 252.

Financial services group, Interfin Financial Holdings Limited was the worst performing counter after losing -29,08 percent to close offers at 10c on a sizable parcel of 120 000 shares, Ariston Holdings Limited which is trading under a loss warning was -12,50 percent softer at 1,05c while Murray & Robrts Zimbabwe Limited (M&R) lost -16 percent to 10,50c.

Leading the day’s charge was agro-based micro cap Interfresh Holdings Limited which put on an impressive +60 percent to 0,4c on speculative buying, Zimbabwe Newspapers (1980) Limited (Zimpapers) added +23,19 percent to 0,85c while Meikles Africa Limited was +2,17 percent firmer at 23,5c.

Beverages group Delta Corporation Limited, put on +1,46 percent to 71,02c ahead of interims results presentation next week.

Notable volume was seen in Turnal Holdings Limited for the second consecutive session with 2 million shares exchanging hands at a stable price of 11,8c.

National Foods Holdings Limited was 83c bid, Inncsor Corporation Limited remain steady at 54c but closed net sellers.

A 6,67 percent loss in gold miner, Falcon Gold Zimbabwe Limited to 7c saw the ZSE's Mining Index slide -0,48 percent to 131.12 points with a Year-To-Date loss of 34,57 percent.

Rio Zimbabwe Limited (RioZim) was stable at 50c as demand resurfaces with 124 998 shares exchanging while Hwange Colliery Company Limited was steady at 50c.

Post published in: Business

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