The Zimbabwe Stock Exchange (ZSE) shed value on the second successive day in the week after Monday (yesterday) losses, going down by 0.76 percent as selling pressure continues to mount on the local market.

Cautious investors are shying away from the local bourse due to perceived country risk by selling their shares which is creating bearish market conditions.

This Thursday the primary all share lost 0.76 percent to 120.87 points.

Losing counters included cement maker PPC which eased 33 cents to end at 132 cents, TSL dropped 10 cents to 60 cents and Old Mutual traded 6.58 cents weaker at 704.37 cents among other losers.

Hippo Valley Estates also decreased by 2.39 cents to settle at 150.50 cents and NMB eased 2.05 to end at 21.95 cents. 

Trading in the positive was Padenga which added 1.73 cents to 97.23 cents, Innscor gained 1.55 cents to 130.02 cents and Zimpapers traded 0.8 cents higher at 8.7 cents.

Dawn increased by 0.40 cents to settle at 2.40 cents and Seedco International put on 0.39 to close at 130.39 cents.

On the regional and global front, the JSE all share index settled at 55 641.42 points after adding 0.50 percent.

The London Stock Exchange’ FTSE 100 was up 0.55 percent to 7216.54 points. 

In the US, the Dow Jones industrial average inched higher 0.84 percent to 25 730.79 points with the Nasdaq composite index traded 7702.30 points after adding 0.85 points.

In currencies and commodities the US dollar was fetching 2.9676 against the local RTGS dollar on the interbank market.

Oil prices neared the 2019 highs surging to $67.86 per barrel.

Gold slipped 0.627 percent to $1 314.30 per ounce, platinum lost a minor 0.06 percent to $857.20 per ounce.