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BizDay Zimbabwe

Market Comment 27 March 2013

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Activity remains subdued on the local bourse with some meaningful volumes being recorded in Econet and Nicoz Diamond that traded 470,842 shares and 34.8 million shares respectively. The session witnessed a Special bargain of 34.8million Nicoz shares that went through at 1.10 cents. Turnover was a ‘disappointing’ $931,494.02. Both indices retreated into the red zone with the industrial index shedding 1.05% amid losses in AICO (1.01c) and giant brewery-Delta that went down by 7cents. The mining index followed suit by losing 3.58% after a notable 3.90 cent loss in Falgold.

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