Stock market ends week 2pc down

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THE Zimbabwe Stock Exchange (ZSE) closed the week lower with the main industrial index dropping 3,61 points to 170,49 points, weighed down by losses in most blue chip counters.
Market movers Delta, Econet and Innscor lost US3 cents to US110 cents, US0.10 cents to US68,90 cents and US5 cents to US60 cents respectively, in high volume trades.
The resources index added 1,12 points to 65 points, on gains in Hwange.
The market continued on a downward trend, with the industrial index shedding 0,68 points to 170,49 points during Friday’s trades.
Losses were on the back of negative trades in FBCH, Pioneer and RTG, which were the only losers for the day.
Financial institution, FBCH eased a significant US5 cents to US7 cents, on minimal trades.
The mining index recovered 1.21 points to 65 points, supported by a US0.99 cents rise in Hwange to US7.99 cents.
Friday’s value of trades dropped by 56 percent to US$848 thousand from the US$1.9 million recorded on Thursday, and stood at US$4.7 million including the special bargain trade in ABCH.
Hwange led the day’s bulls, following a 14,1 percent rise to US7,99 cents. The counter has a YTD loss of 11,2 percent.
Hunyani traded US0.30 cents higher to US4.50 cents.Advertisement