New Zimbabwe.com

Stock exchange trades flat

THE stock market remained flat on Tuesday due to mixed trades in heavyweight counters, with the industrial Index shedding a minuscule 0.08 points to end at 209.02 points.
The minute drop on the industrial index was on the back of negative trades the big cap counters of Innscor and BAT which continued their downward spiral.
Tobacco processor BAT slumped by 100 cents to 1,100 cents, while Innscor traded two cents lower at 82 cents with trades of 150,000 shares.
The BAT share price has fallen from its peak of 1,475 cents in August by 375 cents, with 200 cents of that being shed in the last week alone.
Other losses were in Turnall which slid by eased 0.50 cents to close at 4.50 cents and in banking concern, Barclays which was 0.10 cents lower at 4.20 cents.
The losses were however, counteracted by positive trades in other heavyweight counters, notably Hippo, which added 0.90 cents to 112 cents and Old Mutual which gained 6.40 cents to 255.01 cents. Astra recorded the biggest gain of 0.80 cents to 4.80 cents.
Turnover dipped to $1.2 million compared to Monday’s $2 million.
The mining index was unchanged at 47.48 points despite Hwange’s share price going up by 0.90 cents to 12 cents.Advertisement