Breaking News

ZSE Market Report:- heavyweights continue to rally as trading activity improves

by Business reporter
28 January 2013 | 2133 Views
ZSE's heavily capitalised counters were broadly higher at week's opening pushing the mainstream indices up as activity improved across the board with 44 counters out of the active 70 recording trades.

Of the 40 counters that traded risers outnumbered fallers by 22 to 3 with 19 closing unchanged from previous levels.

The Industrials Index added 3.09 points or 1.84% to 17125 taking gains since January 1 to 12.37% while the Minings Index was 1.45 points or 1.87% firmer at 78.86 and is now 21.10% up this year to date.

Turnover however slowed to $1,459 million on a volume of 10.36 million shares compared with last Friday's $1.512 million on a volume of 1.086 million shares.

Delta railed to hit an all-time high of 118.26c with buyers still looking at 118.25c while reasonable sellers were stuck at 119c.

Telecoms counter Econet added a significant 15c to close at its 52-week best of 535c with buyers looking strong at the same price in deals worth $511 243. At 535c Econet is still 5.41 % shy of its all-time best of 555c reached on October 21, 2009.

Hippo advanced 5c to 130c, its 52-week best amid reports the government has shot down Triangle's indigenisation compliance plan on grounds that it does not satisfy requirements of the empowerment laws.

Another conglomerate which is still to comply with indigenisation laws, Innscor added 1.11c to an all-time high of 83.11c while Natfoods was 8c firmer at 140c, its best level in 52 weeks.

Retailers OK Zimbabwe added 0.20c to 16c while Truworths was 0.10c firmer at 2.9c. Dual listed counters were in the green with Old Mutual gaining 1.10c to 175.1c while PPC was 1c firmer at 211c in a significant volume worth $131 052.

Bankers were largely in the positive territory with Barclays adding a modest 0.01c to 3.61c while CBZ was 0.39c firmer at 10.5c in deals worth $532 157 amid reports foreign banks are now negotiating with authorities on the terms on how they could cede the 51% stake to locals.

NMB was among the top 5 rising counters after adding 0.06c to 0.75c after announcing plans to raise additional capital through a placement with strategic institutional foreign investors and the granting of full fungibility of 40% of the company's issued shares that are held by foreign investors.

Lifestyle Holdings led the risers after adding 0.20c to 0.6c after reports the group had registered an offshore company in Mauritius.




The only counters to record losses on the day were Mash, down 0.05c to 2.4c, Nicoz Diamond 0.11 c lower at 0.99c and NTS which eased 0.30c to 2.7c.

The Zfn board closed largely in the green as all of the 12 sectors but one managing gains with the DASI rising 1.97% to 113.44 whilst the heavyweight's measure was 2.08% firmer at 117.48.


ZSE

Source: zfn

Should Zimbabweans be deported from the UK?

Yes
27.56%
No
69.87%
Not sure
2.56%
312

Comments

News Updates

Email:

Latest News

Two bodies with throats cut discovered near SDA in Nkulumane - Two de...

by Staff Reporter | 25 April 2014 | 1597 Views

'Mugabe is fit,' says Jonathan Moyo' - In a video below Information mi...

by Staff reporter | 24 April 2014 | 2656 Views

Women more likely to cheat on partners with longer penises - Study

by Staff Reporter | 24 April 2014 | 6461 Views

CIO swarm Bulawayo ahead of Mugabe arrival

by Staff Reporter | 24 April 2014 | 3680 Views

CIO pushing Grace Mugabe to become Zanu PF Women's League boss

by Staff Reporter | 24 April 2014 | 3696 Views

Top Air Zim boss fired

by Staff Reporter | 24 April 2014 | 1662 Views

Zanu-PF minister chased away by villagers - Provincial affairs ministe...

by Staff reporter | 24 April 2014 | 2388 Views

Mugabe hints at exit - President Robert Mugabe has hinted that he will...

by Staff reporter | 24 April 2014 | 2271 Views

Man arrested over bogus court orders

by Staff reporter | 24 April 2014 | 762 Views

My friend Robert Mugabe - Video

by BBC | 24 April 2014 | 1480 Views

Voice of Zimbabwe shutdown galls ZBC board - The ZBC board has expre...

by Staff Reporter | 24 April 2014 | 1327 Views

SA man escapes death after being lured to Zim by Satanic cult

by Staff Reporter | 24 April 2014 | 5358 Views

Zimbabwean female rapists inspire Hollywood - STORIES of gangs of wome...

by Staff reporter | 24 April 2014 | 3314 Views

Woman drags abusive cop husband to court

by Staff Reporter | 24 April 2014 | 2539 Views

200 court records disappear - A Plumtree senior magistrate facing char...

by Staff reporter | 24 April 2014 | 2616 Views

Zanu-PF, MDC-T ready for dialogue - Political archrivals Zanu-PF and ...

by Staff reporter | 24 April 2014 | 6285 Views

Mugabe needs help - President Mugabe's government urgently needs to en...

by Staff reporter | 24 April 2014 | 4192 Views

MDC-T forces members to fund party - THE cash-strapped Morgan Tsvangi...

by Staff reporter | 24 April 2014 | 1719 Views

Mugabe, ministers differ on indigenisation - THE government continues...

by Staff reporter | 24 April 2014 | 2018 Views

'Chihuri you are responsible for death' - A SOMBRE atmosphere engulfe...

by Staff reporter | 24 April 2014 | 3981 Views

Man threatens to take hunger strike to Parliament - A HARARE man, Phi...

by Staff reporter | 24 April 2014 | 1466 Views

Gays and lesbians hit back at Mugabe over hate speech - Zimbabwe's gay...

by Staff reporter | 24 April 2014 | 2341 Views

Zimbabwe military junta subverting democratic processes - The continua...

by Tichaona Sibanda | 24 April 2014 | 1486 Views

US court to decide on Zim elephant ban

by Staff reporter | 24 April 2014 | 832 Views

Prophet TB Joshua: Healer or controversial leader?

by AP | 24 April 2014 | 3075 Views

Why should Mugabe's name be sounded more than ours

by Vince Musewe | 24 April 2014 | 2124 Views

Zifa challenged to protect small clubs - A Bulawayo soccer club owner ...

by Lovemore Dube | 24 April 2014 | 1157 Views

Entertainment

Top SA maskandi musician itching for a Zim stage - South Africa's top ...

by Staff reporter | 24 April 2014 | 1499 Views

Nightclubs scramble for Bev, she is already fully booked

by Auxilia Katongomara | 24 April 2014 | 2454 Views

Bev off to South Africa to buy new costumes

by Brenda Phiri | 24 April 2014 | 2154 Views

Alick Macheso in costly divorce?

by Jonathan Mbiriyamveka | 24 April 2014 | 3842 Views

Majaivana's son to release debut album with Bosso tune - Lovemore Maja...

by Staff reporter | 23 April 2014 | 1654 Views

Rising reggae star Matty Julius comes to Zim Achievers Awards

by Arts Correspondent | 23 April 2014 | 837 Views

Bev confirms return to the dance floor

by Staff reporter | 24 April 2014 | 3217 Views

Tuku Recalls Picky for Greatest Hits Concert

by Staff Reporter | 22 April 2014 | 2252 Views

Oskido, Big Nuz in no show - SCORES of revellers were baying for South...

by Thupeyo Muleya | 22 April 2014 | 1469 Views

Bev, Prophet Magaya severs ties - Raunchy dancer Beverly (Bevy) Siban...

by Takawira Dapi | 24 April 2014 | 2884 Views

Hosiah Chipanga likens self to biblical Noah - VETERAN musician-cum-pr...

by Liberty Dube | 20 April 2014 | 3358 Views
iBlog

Political Rights In Zimbabwe According To The New Constitution

chapter 4declaration of rightspart 1application and interpretation of chapter 4***67 political rights***(1) every zimbabwean citizen has the right—(a) to free, fair and regular elections for any elective public office established in terms of this ... Read More
iNdabaNdaba 22 December 2013 ago

Internet Monitoring And Brand Protection

A review of the past 10 years in cyber security opened our eyes here at massive. reflecting on over 50 international security conventions, hundreds of white papers and government policies, we now see the gaping whole in security industry comes down t... Read More
SecNews 13 January 2014 ago