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Stock market slips on Delta, Innscor losses
24/09/2014 00:00:00
by The Source
 
 
RELATED STORIES
ZSE falls for third consecutive week
ZSE index closes week in the red

THE industrial index shed 0.21 points on Wednesday to close at 194.65 points after marginal losses in heavyweights Delta and Innscor in a slow trading session.

The beverages group, Delta shed 0.50 cents to 129.50 cents on minimal trades, while FMCG behemoth Innscor also traded 0.50 cents lower to 68 cents.

Padenga lost a cent to seven cents.

On the positive side, TA holdings added 0.51 cents to 15.51 cents and Zimplow rose 0.29 cents to 6.3 cents.

Financial giant Old Mutual, with  a turnover of $258,000 from sales of 90,200 shares at 286 cents, was one of the two significant trades.  The other was Econet, which traded at 77 cents with a value of trades of $98,000.

Total market turnover for the day fell to $436,000 from Tuesday’s $1.2 million with foreign buys amounting to $290,032.

The mining index was 1.89 points firmer at 97.35 points after Bindura added 0.21 cents to 8.51 cents. Falgold and Hwange maintained previous trading levels.

The number of counters on the local bourse now stands at 63 following the official removal of Interfin Holdings by the regulator on Monday.

The issuers’ shares were suspended from trading on the ZSE on 12 June, 2012 after the placement of Interfin Bank Limited under curatorship by the central bank.



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