zim_stock.jpgThe Zimbabwe Stock Exchange’s industrial index opened the week in the negative territory retreating by 0.58 points to close the day at 143.79 points.

Recent financial statements by some listed firms have failed to boost the performance of the country’s bourse with most counters remaining unattractive.

The mainstream index, which on Friday was in the red, lost further ground, dropping 0.58 points to close the day at 143.79 points.

On the other hand, the mining index was on a rebound gaining 1.94 points to 94.47 points.

Cement manufacturing concern LAFARGE tumbled 10 cents to 60 cents, CHEMCO lost 9.50 cents to settle at 0.50 cents and SEEDCO was down 5 cents to 105 cents.

HIPPO slipped 3 cents to trade at 105 cents as MEIKLES traded a cent lower at 17 cents. Financial counters, CBZ and INTERFIN both dropped 0.50 cents to 6.50 cents and 4.50 cents respectively.

The losses were however countered by gains recorded by some heavy weight counters. OLD MUTUAL inched up a cent to 171 cents as DELTA added 0.90 cents to 70 cents.

AICO AFRICA was 0.50 cents firm at 20 cents, while DZHL and INNSCOR pushed up 0.10 cents to 18.62 cents and 60.10 cents respectively.

Of the four mining counters, coal mining giant HWANGE was the only one to trade in the positive territory adding a cent to 31 cents.

BINDURA, FALGOLD and RIOZIM were unchanged at previous trading levels.

Market watchers expect the downward trend to persist as investors adopt a cautious approach.