Breaking News

ZSE shares in best performance since dollarisation

by Business reporter
31 January 2013 | 4276 Views
ZSE shares capped the first month of 2013 in best performance ever since doliarisation in 2009 as blue chips continued to explore new highs while foreign investor's interest in emerging African markets continue to manifest.

While the recent developments in the constitution making process appear to have provided some political certainty, analysts believe political risk is largely still with us.

The Industrials Index rallied 4.34 points or 2.48% to a new record level of 179.34 and has done 17.68% in one month whilst the Minings Index added 3.42 points or 4.24% to 84.07 taking its gains this month alone to 29.10%.

There were significant trades across the board with 5 counters recording transactions worth over $100 000 as the total value traded closed at $2,952 million on a volume of 8.582 million shares.

Cigarette maker BAT managed to hit an all-time high of 500c in trades worth $250 000 while Delta was unstoppable after gaining 4.01c to another new high of 126.01c in deals worth $1.740 million.

Econet shares managed to surpass 2009's record level of 555c after adding 14.99c to 560c in deals worth $504 946 with analysts forecasting the price to beat the $6 level.

Food giant Innscor also traded at its all-time best level after gaining 3.01c to 90.51c on a volume worth $213 409. Natfoods added a modest 0.11c to 140.11c.

Retailer OK Zimbabwe was 0.53c firmer at 17.03c, its all-time high while Powerspeed added 0.10c to its best level in 52 weeks of 1.5c.

TSL responded positively to upbeat F12 financials released yesterday where a final divided of 0.43c was declared, gaining 1 c to its all-time high of 12.5c.

Interfresh led the fallers after losing 33.33% to 0.1c after reports that company's negotiations with a potential investor, subject of recent cautionary statements, are in jeopardy following the expropriation of part or its estate in Mazoe.

Tractive was 0.60c lower at 9c ahead of its suspension from trading on the ZSE tomorrow pending de-listing after its acquisition by Zimplow. Zimplow shares were 0.50c firmer at 6c.

SeedCo dropped 1c to 77c while its parent Aico Africa added 1c to 10.5c Star Africa was 0.20c weaker at 1.3c.

In Minings Bindura was 0.40c firmer at 3.1c taking its gains in January alone to 106.7% whilst Hwange added 1.50c to 19.5c. RioZim remained unchanged at 50c after the company announced it had approached the High Court seeking to restore normal operations at its Renco Gold Mine.




The Datvest All Share Index added 2.89% to 119.15 taking its gains this month alone to 18.10% while the FBC ZSE-10 Index was 2.60% firmer at 123.69 and is now 21.45% up since January 3.

All but 4 sectoral indices on the Zfn board managed gains with the Conglomerates rising 3.13% to 69.34, Manufacturing 3.37% up at 203.93 while the Truworths Retail Index was 2.91% firmer at 228.09.

Dollarisation ZSE

Source: zfn

Are housemaids an evil lot?

Yes
25.83%
No
65.02%
Not sure
9.15%
809

Comments

News Updates

Email:

Latest News

Reduction of farm sizes spot on - Vice President, Cde Emmerson Mnangag...

by John Sigauke | 29 January 2015 | 156 Views

Air ambulance plays critical role in some medical emergencies - In a m...

by Staff Reporter | 29 January 2015 | 196 Views

Customers shot in Johannesburg shopping mall robbery - Seven people, i...

by Staff reporter | 29 January 2015 | 1045 Views

Zimbabwe's Mugabe won't add value to the AU - PRESIDENT Robert Mugabe ...

by Staff reporter | 29 January 2015 | 880 Views

Nothing amiss on Mugabe's description of Mutasa - The testing of Pres...

by Caitlin Kamba | 29 January 2015 | 1398 Views

5 breakthrough habits for Lifestyle changes - The beginning of the y...

by Tinei Shamu | 29 January 2015 | 1523 Views

ZCTU Reacts to Finance Minister's statements - The Zimbabwe Congress o...

by Mandlenkosi Chinula | 29 January 2015 | 2023 Views

Zimbabwe's political power couples - IT is common to think of politici...

by Andrew Kunambura | 29 January 2015 | 2741 Views

Farmers stage protests at Zanu-PF HQ - Some irate farmers on Wednesday...

by Thomas Chiripasi | 29 January 2015 | 2602 Views

'Why you mustn't marry any Zim woman who is 25 years older' author dre...

by Staff reporter | 29 January 2015 | 7543 Views

Zimbabwean students stranded after failing to get SA permits - Hundred...

by Staff reporter | 29 January 2015 | 3896 Views

Zim govt quizzed on Afcon military deployment

by Staff reporter | 29 January 2015 | 2868 Views

Civil servants strike hangs in balance

by Staff reporter | 29 January 2015 | 1612 Views

Mwonzora engages Chamisa as his lawyer

by Staff reporter | 29 January 2015 | 3561 Views

Grand coalition suffers setback

by Staff reporter | 29 January 2015 | 2687 Views

'Lets confront Zanu-PF dictatorship' - MDC Renewal Team secretary-gene...

by Staff reporter | 29 January 2015 | 1300 Views

'Only imbeciles will believe Mugabe is a goblin'

by Staff reporter | 29 January 2015 | 1820 Views

Mugabe 'unclothed' picture challenged in court

by Staff reporter | 29 January 2015 | 3181 Views

Zanu-PF youths boo Mujuru ally

by Staff reporter | 29 January 2015 | 1982 Views

Grace Mugabe to decide Didymus Mutasa's fate

by Staff reporter | 29 January 2015 | 2560 Views

'Zanu-PF talking nonsense,' says Mutasa

by Staff reporter | 29 January 2015 | 4130 Views

Prophet rapes pregnant client

by Walter Mswazie | 29 January 2015 | 2365 Views

Lightning strikes scare Tsholotsho villagers

by Auxilia Katongomara | 29 January 2015 | 1489 Views

City doctor violates court order, threatens ex-wife

by Emily Mbewe | 29 January 2015 | 1540 Views

Medical doctor fined for shoplifting

by Fungai Lupande | 29 January 2015 | 1814 Views

Man kills pregnant lover, jailed

by Munyaradzi Musiiwa | 29 January 2015 | 1706 Views

Schoolgirl 'killer' arrested

by Auxilia Katongomara | 29 January 2015 | 1991 Views

Biti calls for Arab-Spring protests against Mugabe's Zanu-PF - MDC-REN...

by Staff reporter | 29 January 2015 | 1451 Views

'10% of Zimbabweans mentally ill' - AT least 10% of Zimbabwe's 13 mill...

by Staff reporter | 29 January 2015 | 1126 Views

Entertainment

Mugabe, Mujuru at Harare Gallery

by A.A.V. Amasi | 28 January 2015 | 4779 Views

Prof Jonathan Moyo says 'Zimbabwe to meet digitisation deadline in Jun...

by Farirai Machivenyika | 27 January 2015 | 1868 Views

DJ stabbed by lover - A MATSHOBANE suburb disk jockey (29) got more t...

by Staff reporter | 27 January 2015 | 4213 Views

Bulawayo movie Qiniso out in February - THE much anticipated movie, Qi...

by Showbiz Reporter | 26 January 2015 | 2037 Views

Where is omasiganda music now?

by Fred Zindi | 26 January 2015 | 2094 Views

Ringo billed for pre-Valentines Bash in Bulawayo

by Bongani Ndlovu | 26 January 2015 | 3346 Views

The return of Alick Macheso

by Entertainment Correspondent | 24 January 2015 | 4018 Views

Chigubhu vows to continue cracking people's ribs

by Staff Reporter | 23 January 2015 | 2679 Views
iBlog

The Nsa Gets An Ok For Telephony Metadata Collection Yet Again

As much as we’d like to forget about the national security agency (nsa) and its mass surveillance program, it seems that there is no distracting ourselves from this unnerving reality.missing from the news for quite some time now, the issue has resu... Read More
SecNews 09 July 2014 ago

Is Pregnancy Putting Your Sexual Life On Pause?

it is often believed that once you become pregnant there is no way that you can have sexual intercourse until that baby is born, which results in placing a strong hold on different couples sex lives. in this article we are going to focus on how yo... Read More
adoniadennis 08 December 2014 ago