Foreign share buys in September lowest this year

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The Zimbabwe Stock Exchange (ZSE) recorded the lowest value of foreign shares in the month of September of $7,3 million since the beginning of the year due to global economic crisis that affected international investors.

A total of 566 183 589 shares valued at $140 033 895 22 were bought for the first nine months of the year.

The stock market recorded the highest value of shares in February when $25 149 263 52 was raised while August was the second highest in the nine months period.

The industrial index yesterday lost 0,23 points to close at 147,34 points while the mining index shed 0,35 points to close at 137,69 points.

PPC declined to 270 cents, ABCH gave up 5 cents to close at 70cents while Dairibord, Innscor, TA, TPH were a cent lower at 20 cents, 56 cents, 17 cents and 12 cents respectively.

Riozim slipped a cent to 57cents while Bindura, Falgold and Hwange were unchanged at 4,60 cents, 7,50 cents and 52,10 cents respectively.

On Friday last week three heavy counters on the ZSE weighed down the industrial index to close at 152,24 points.

The counters are Delta, Econet and Innscor and are the top three counters that contribute $853 134 275, $375 173 561 and $329 472 248 to the market capitalization of the local bourse.

On Friday the industrial index shed 0,67 points and on a week on week the industrial index lost 3,58 points.

Delta the biggest counter on the ZSE 0,50 cents to 71,50 cents on Friday, while Econet the second largest counter in terms of market capitalisation went down to 3,12 cents to trade at 386, 88 points, Innscor dropped a cent to close at 60 cents.