ZSE industrial index continues to fall

The Zimbabwe Stock Exchange (ZSE) mainstream index eased 1,14 percent to close at 342,2 points on Wednesday ahead of the national budget.

However, the mining index gained 4,41 percent to close at 132,46 points on Bindura.

ZSE market capitalisation declined from $9,9 billion recorded in the previous day to $9,8 billion.

Market turnover amounted to $7 million in the day.

The largest company by market cap, Delta eased 0,35 percent to settle at 155,69 cents.

Telecommunication giant, Econet shedded 3,32 percent to trade at 109,75 cents while Axia eased 0,25 percent to close at 16,01 cents.

TSL, FBC and Dawn also eased 19,89 percent, 18,37 percent and 3,32 percent to trade at 36,85 cents, 20 cents and 2,09 cents in that order.

Partially offsetting the loss recorded by the industrial index, Innscor gained 3,33 percent to settle at 109,57 cents.

Turnall Holdings and CFI added 5,56 percent and 0,06 percent to trade at 0,95 cents and 70 cents respectively.

On the mining space, Bindura added 20 percent to close at 4,26 cents.

Other mining companies remained at previous day prices.

Foreigners bought shares worth $194,655 against foreign sales of $49,723.