zim_stock.jpgThe Zimbabwe Stock Exchange (ZSE)’s main index reversed yesterday’s loss after gaining 0,42 points to close the day at 140,8 points.

The Industrial Index, which opened the year on a downward trend, recorded marginal gains after gaining 0,42 points while the resources index continued on a losing streak when it dropped 2 points to close the day at 79 points.

The Industrial Index was spurred by gains recorded by Old Mutual which put on 10,01 cents to trade at 125,01 cents whilst Radar was 7 cents up to trade at 15cents.

Dairibord added a cent to 19cents, Fidelity rose by 0,99 cents to close at 17.01 cents and SEED-CO was 0.90 cents up to close at 111 cents.

Counters which were in the red include FBCH, which retreated by a cent to close at 5 cents and Truworths which lost 0.50 cents to close at 8 cents.

Other losses were recorded by MASH which shed 0,25cents to trade at 2,45 cents while Pearl lost 0,20 cents to close at 3,20 cents.

The Mining Index was weighed down by the loss recorded by Hwange which went down 2 cents to close at 28 cents.

Falgold improved by a cent to 7 cents and Bindura edged up 0,40 cents to trade at 3,40 cents.

RioZim was unchanged at 30 cents.

In the outlook, market watchers anticipate the downward trend to continue in the interim period owing to the liquidity constraints and cautious approach by investors.