zim stock xchange 20.10.jpgShare prices on the Zimbabwe Stock Exchange are continuously declining due to thin trading volumes.

The limited trading volumes are being attributed by market watchers to a wait and see attitude by investors ahead of the release of 2011 audited financial results for listed companies.

By the end of trading on Thursday this week, the industrial index  dropped by 1,08% to close at 144, 95 points while the mining or resources index shed 2,86% to 92,53 points.

Counters which gained included RADAR 16 cents up to 2, 50 cents, while FIDELITY share price rose by 0,50 cents to close at 19,50 cents.

On the losers side, ECONET shed 9 cents to end at 391 cents,  AFRE was 1,50 cents down to 6,50 cents,  CAIRNS share price declined by 0,50 cents  to 0,50 cents, while  OK was 0,50 cents down to close at 11 cents.

It was a mixed bag for the mining counters as RIO-ZIM share prices declined by 10 cents to 50 cents, FALGOLD, however, rose by 0,50 cents to end at 10,50 cents.

 

The other listed mining counters BINDURA and HWANGE’s share prices remained unchanged at previous prices.