The Zimbabwe Stock Exchange (ZSE)’s long awaited return was expectedly marked by net sales as cautious investors pulled their money.
The local bourse last traded on June 26.
ZSE was closed last month with Government claiming that it was investigating Old Mutual Zimbabwe with regards to its proxy exchange rate, derived from its multiple listing.
Diversified financial services provider, Old Mutual Zimbabwe is listed on the ZSE, the Johannesburg Stock Exchange (JSE) and the London Stock Exchange as well as on other regional stock exchanges.
The return has been accompanied by the continued suspension of Old Mutual as well as two other multiple listed stocks, namely PPC and Seed-Co International.
Following today’s trades, the bourse’s linchpin index, the ZSE All Share Index was down 4 percent to 1 708 points while the ZSE Top 10 lost 5 percent to 1 163 points.
Heavyweight counters were among the biggest losers.
The ZSE Top 15 slipped 75 points to close at 1 337 points, while the Medium Cap index was 89 points down to 3 213 points.
And the Small Cap was down 4 percent to close at 5 313 points.
Trading in the red was Powerspeed, which lost 20 percent to $1,16. Padenga and MedTech lost 19 percent each to settle at $11,05 and 9,5 cents respectively.
Manufacturer TSL eased 17 percent to $3,40 while property firm Mashonaland Holdings was down 16 percent to 60 cents
Mining firm Bindura and ZB Financial Holdings traded in the black to close at $3,93 and $11,35, respectively.
At $2,9 million, foreign sales outpaced the $57 909 foreign buys.
Total turnover in today’s trades amounted to $10,2 million.
The ZSE’s market capitalization closed at $218,4 billion.