Zimbabwe: Equities Soften On Profit Taking

Harare — The equities market softened due to profit taking after a fine rally in most counters though trade was characterised by thin volumes. There was a gradually retreat in the market from 14 November 2007 to Tuesday, 20 November 2007 before the market gained yesterday.

This was reflected by the fall in the industrial index of 9.15 percent from 14 November to close at 518,906,981.71 points yesterday. The mining index also fell by 5.85 percent to close the period at 658,757,922.62 points. In the period being reported, there were just ten counters that gained with fifty-three trading in the red.

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