Delta, BAT losses pull ZSE down

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THE equities market’s downward movement continued on Wednesday, with the main index slipping 0.88 points to close at 188.99 points.
Several heavyweights traded in the negative, pulling the index down.
BAT, which released solid if unspectacular financials on Tuesday, pared off five cents to 1,340 cents while market mover Delta slipped 0.99 cents to 122 cents on a turnover of $355,000.
More losses were in Innscor, which softened by 0.50 cents to trade at 78 cents and Zimplow which was 0.38 cents lower at 2.02 cents.
Clothing retailer Edgars and financial group FBC each dropped 0.25 cents to close at 12 cents and 13.25 cents respectively.
The losses were partially offset by positive trades in Seedco and Old Mutual, which gained a cent to 90 cents and 0.10 cents to 243.10 cents on volumes worth $489 000 and $19 000 respectively.
Seed Co also had a special bargain trade of $1.1 million.
Other gains were in PPC which added 1.29 cents to close at 266.99 cents, Turnall whose share price increased by 0.50 cents to 4.50 cents and Padenga which went up 0.15 cents to close at 9.15 cents.
Econet and OK were flat at 64.71 cents and 19 cents respectively with a combined value of trades of $94,000.
Turnover for the day was $1.5 million, rising to $2.6 million after factoring in the Seed Co special bargain trade.
The mining index gained 1.61 points to 36.80 points after Rio Zim traded one cent higher at 25 cents and Hwange was bid higher at eight cents from its last trading price of seven cents.
Bindura and Falgold were unchanged at 1.30 cents and seven cents respectively.Advertisement