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ZSE: Industrial index falls for third consecutive week

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THE industrial index closed the week in the red for a third consecutive week, following a 1.56 points decline to 193.79 points with negative trades in big caps Innscor and Hippo weighing down on the local bourse.
Over the week, the two counters lost 3.99 cents to 68 cents and five cents to 65 cents as the value of trades fell by 33 percent to $5.04 million.
Small cap, Willdale was the best performing counter for the week, after picking up 0.05 cents to 0.20 cents.
Radar led the week’s top losers, having shed two cents to three cents.
On Friday, the industrial index declined by 0.78 points to 193.79 points after losses in market mover Delta and selected mid-cap counters.
The beverage monopoly shed 0.99 cents to 129 cents, while financial group CBZ traded 0.95 cents lower to 13.05 cents. Transport concern, Pioneer shed 25 percent following a one cent loss to three cents.
Radar and ABCH were the only movers for the day, with the former adding 0.50 cents to three cents, while the latter gained a cent to 74 cents.
Week on week, the resources index dropped 0.06 points to 92.76 points. On Friday, the index fell by 3.51 points to 92.76 points, due to a 0.39 cents loss in Bindura to eight cents.
Friday’s turnover was 67 percent lower at $283,000, than the $848,000 recorded during Thursday’s trades.Advertisement