via ZSE slumps – DailyNews Live 20 NOVEMBER 2013
The Zimbabwe Stock Exchange, which opened the week on a high, yesterday slumped 0,04 percent to close at 217,18 points.
Biggest gainers in Tuesday’s trade were Medtech which added 14,3 percent to 0,8 cents while most counters traded in the red.
On Monday, the bourse’s benchmark industrial index had gained 0,48 percent to settle at 217,27 points with blue chip counter Delta Corporation advancing piling on 2,50 cents to 150,50 cents, continuing on the previous week’s momentum which has been running since the publication of the firm’s half-year financials last week.
National Foods gained five cents to 220 cents with minimal trades while other gains were in Zimre, up 0,15 cents to close at 1,40 cents for a year to date growth of 16,7 percent and Barclays which closed 0,10 cents higher to settle at 4,60 cents.
However, the gains were capped by an eight cent drop in ABC, which closed at 50 cents with 307 000 shares exchanging hands for a turnover of $154 000.
COMMENTS
The government of dead wood is oblivious of the fact that all these things are indicators of a tumbling economy therefore real statements followed by real actions need to be made and done before it becomes worse. However it does not surprise us since our government does not see anything wrong with a tumbling Zim dollar until it tumbles at 10000000000000000%. Was kuruzevha Christmas of 2007 having the home brew (7 daze, kiki), and 1 not-so-educated-mudhara asked “Chii chiri kuitika kuHarare uko? Zvema percent anopfuura 100 zvakatange pi?”
Just a question.How do people save and invest for their pension days in zims if things are so topsy turvy all the time.