EFE Securities •

7 years ago •

Weekly Reports

Weekly 17.02.2017

Mounting selling pressure in heavy caps took its toll on ZSE leaving the benchmark Industrial Index in the red for another week. The industrials shed 1.73% and settled at 136.97pts as the index extended its year to date losses to 5.23%. The weakness in the market comes amidst the announcement of the monetary policy by the Central Bank where the Governor of the Reserve Bank introduced a $70mn nostro stabilisation facility to deal with delays in processing of outgoing payments.