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index opened the week slightly higher, lifted by gains in mid-tier shares before slipping into negative territory on Tuesday.
Losses continued during the next trading session but slightly advanced on Thursday. A similar trend also prevailed in mining shares.
Turnover came in at US$5,03 million on about 43,9 million traded shares.
After trades on Friday, the industrial index dropped 0,22 percent or 0,36 to 160,25 points after Larfage shed US5c to US90c, leading the key index to a weekly fall of 1,86 percent.
The cement manufacturer is upgrading its plant at a cost of US$3 million, which will see capacity utilisation increasing to about 80 percent.
Seed Co was down US3c to trade at US132c while regional financial group ABCH tumbled by US2c to US43c.
Econet, the most profitable company on ZSE, further declined to US478c after losing US2c. The country’s largest mobile phone operator opened the week at US500c.
Hospitality group African Sun lost US0,2c to close at US2,3c. Financial group CBZH rose US0,5c to US16,5c, CFI gained US0,5c to US10c, Pearl was up US0,4c to US3c and Zimplow rose US0,2c to US8,7c.
There were buyers on in Caps at US0,5c on reports the group is set to delist. After delisting, the producer and distributor of various pharmaceutical products will merge its manufacturing division with Geddes Ltd, its distribution arm.
A new health care division will also be established, which will result in the amalgamation of St Anne’s Hospital in Harare and QV Pharmacies. The merged entities will then later list separately by way of introduction.
RioZim offered at US140c after the group said it was restructuring its US$50 million debt by converting its metal stock into cash.
Meanwhile, managing director Mr Josh Sachikonye is said to have turned down Essar Africa Holdings far-reaching proposals for a management restructuring that would have seen the top executive stepping down from the helm of the group, when the group agreed to underwrite the US$40 million rights issue a few months ago.
Mr Sachikonye would have seen his stake diluted and inadvertently he would have been forced to step down from his position.
Aico was bid and offered at US17,5c and US18c amid reports the group has shelved its proposed US$50 million rights issue – expected to recapitalise its subsidiary Olivine Industries and retire its debt.
Chief executive officer Pat Davenish said the shareholders did not warm up to the rights issue and it was put on hold.
Turnall was bid and offered at US8,8c and US10c after the group said its volumes should grow by 20 percent in the six months to June, and turnover should rise by 65 percent in the interim period.
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