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Volumes traded on the bourse also took a dive, plunging 36,9 percent while average daily turnover stood at US$1,15 million.

Mobile operator Econet Wireless dominated trades, with US$8,45 million worth of shares in April. Shares traded in Delta and Innscor totaled US$4, 31 million and US$2,18 million.

Equities firm IH Securities said the market saw another uptick in April, with total market capitalisation rising 3,30 percent to close the month at US$5,48 billion representing an increase of 24,90 percent since January 2013.

The Industrial Index registered a 3,84 percent gain, as weakness in Econet Wireless down 12,69 percent to US61,12c, was outweighed by gains in Delta, up 10,43 percent to US127c and Innscor which put on 1,20 percent to US86,02c.

“We saw support return to midcaps in April, with National Foods (US220c), Dairibord (US29c), Meikles (US23,20c) and OK Zimbabwe (19,14c), gaining 22,22percent, 16 percent, 10,48 percent and 6,33percent respectively.