The turnover on the ZSE stood at a paltry $793,905,95, down from the previous figure of $1,824,624,17.
In their Report stockbroking firm Imara Edwards Securities (Private) Limited (Imara) said the Industrial Index stood at 133.11 points.
On Tuesday it stood at 133.57 points.
The Mining Index, on ther hand, stood at 87.72 points. On Tuesday it stood at 82.98 points.
"The value was fairly distributed across the market," Imara said.
"Of note is the corporate event where TN Financial Holdings Limited (TN) demerged and began trading as Lifestyle Holdings Limited (Lifestyle) and TN Bank Limited (TN). Thin volumes were traded as per expectations."
Imara said the Industrial Index shed 0.46 points to trade 0,34 percent lower while the Mining Index continued with its upside by closing the day 5,71 percent firmer, largely due to Falcon Gold Zimbabwe Limited (Falgold) and Rio Zimbabwe Limited (RioZim) that traded at 22 cents and 40 cents respectively.
It said industrials to lose were CBZ Financial Holdings Limited (CBZ) which shed 0,50 cents, Econet Wireless Zimbabwe Limited, 2,49 cents, and the wealthy Meikles Africa Limited (MAL)which went down by 0,04 cents yesterday.
"The rest of the market traded sideways," Imara said in its Report.
On Friday, last week trade was buoyed by Delta Corporation Limited (Delta) and Econet in the main.
"But ABC Financial Holdings Limited (ABC) and AICO Africa Limited (AICO) and Innscor Corporation Limited (Innscor) also contribted significantly," Imara said.
The stockbroking firm said the Industrial Index rose 0,25 percent on gains in AICO and Innscor.
The Mining Index also lept 1,59 percent following RioZim which firmed 2 cents.
Imara said traded volumes had been generally high last week an notably in normal trading activity as opposed to Special Bargain trades.
"This has coincided with price increases in the small to medium size stock category and is a welcome development," Imara said in its Report.
During the week, Cairns Holdings Limited (Cairns), shone on the Zimbabwe Stock Exchange (ZSE) when more than a million shares exchanges hands.
Cairns Holdings went wild when 1,024,006, shares changed hands on the bourse.
The Industrial Index stood at 132.78 points up from 131.97 points previously.
The Mining Index, on the other hand, stood at 75.19 points which was similar on the previous day.
These were 0,61 percent and 0,00 percent changes, respectively.
Other counters that did the Industrial Index proud were telecommunicxations giant, Econet and Pelhamns Holdings Limited(Pelhams).
Econet, led by South African-based mogul, Strive Masiyia and his wife, Tsitsi, continues to shine together with beverages entity, Delta Corporation Limited (Delta).
In the top five blue chip grabs were Powerspeed Holdings Limited (Powerspeed), agricultural concern, AICO Holdings Limited (AICO), and property concern, Pearl Properties Limited (Pearl), which seems to have risen from the dead and grabbed "its groove back" on the lack-lustre ZSE.
On the mining side the usually problemmatic Hwange Colliery Company Limited (HCCL) did well when 1,948 shares changed hands.
Other mining counters, however, did not trade on the ZSE.
"The bulk of the funds went into Econet and TPH," Imara said.
Post published in: Business