Breaking News

ZSE shares in best performance since dollarisation

by Business reporter
31 January 2013 | 4199 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
27.06%
No
64.27%
Not sure
8.67%
473

Comments

News Updates

Email:

Latest News

Obama signs Russia sanctions bill

by Staff Reporter | 18 December 2014 | 704 Views

Mphoko speaks on new job - Vice President Pelekhezela Mphoko says his ...

by Staff reporter | 18 December 2014 | 1949 Views

Knowledge Musona moves to Belgium - Zimbabwe national soccer team stri...

by Sports reporter | 18 December 2014 | 1133 Views

Zimbabwe cricket coach Mangongo fired, Murray Goodwin linked to take o...

by Sports reporter | 18 December 2014 | 864 Views

In the name of Dr. Morgan Tsvangirai

by Dr. Wangu Mazodze | 18 December 2014 | 3387 Views

Boko Haram kidnaps 185 women and children, 32 killed

by Staff Reporter | 18 December 2014 | 2454 Views

A chat with Auntie Noe - 11 things that mean more to men than 'I Love You'

by Nobuhle Virgie | 18 December 2014 | 3739 Views

Disrespectful men attack woman in public over short dress - Video - Th...

by Moyo Roy | 18 December 2014 | 5252 Views

Zanu-PF workers to get bonuses - PRESIDENT Robert Mugabe's cash-strapp...

by Staff reporter | 18 December 2014 | 2019 Views

Telecel launches 'keep your digits' promotion - The battle to win over...

by Staff reporter | 18 December 2014 | 1956 Views

The President's dismissal of VP Mujuru is a welcome development - The ...

by Mukachana Hanyani | 18 December 2014 | 3285 Views

Mnangagwa, Grace Mugabe plot takeover - Emmerson Dambudzo Mnangagwa is...

by Staff reporter | 18 December 2014 | 7763 Views

Didymus Mutasa linked farm invaded - MAKONI farmer Dumisani Daniel Mli...

by Staff reporter | 18 December 2014 | 3821 Views

ZSP applications concerns and warning - It is about 2 weeks before the...

by Butholezwe Nyathi (National Coordinator-MWA-SA) | 18 December 2014 | 3042 Views

Mujuru's political obituary? Don't write her off yet!!

by Maggie Mzumara | 18 December 2014 | 3910 Views

Panic over Form 1 places - PANIC and desperation have gripped many par...

by Staff reporter | 18 December 2014 | 2379 Views

2014 in Zimbabwe politics - WHAT a year in politics 2014 has been! Mov...

by Andrew Kunambura and Ray Ndlovu | 18 December 2014 | 898 Views

Call for Mnangagwa to rule is as absurd as letting a rapist finish

by Wilbert Mukori | 18 December 2014 | 3607 Views

Mugabe's target survives

by Staff reporter | 18 December 2014 | 4100 Views

Tendai Biti speaks about Zanu-PF - Video - "Emmerson can replace Mujur...

by Staff reporter | 18 December 2014 | 2554 Views

'Its inqayi not udiwo lwamahewu, Dairiboard please get that straight'

by Concerned Citizen | 18 December 2014 | 2872 Views

Ndebele language cartoon - Picture - Following the mutilation of the N...

by Staff reporter | 18 December 2014 | 3763 Views

Man steals prostitute's cellphone for denied 'seconds'

by Nokusa Masuku | 18 December 2014 | 3497 Views

White Africa President rejects cabinet's call for resignation

by Reuters | 18 December 2014 | 3036 Views

'Mugabe stole my Xmas'

by Staff reporter | 18 December 2014 | 2876 Views

Tsvangirai wants Biti, Ncube back - Video

by Staff reporter | 18 December 2014 | 3102 Views

MDC-T council to name suburb after Mujuru

by Staff reporter | 18 December 2014 | 3185 Views

Students rejects Muchinguri as Higher Education minister - Zimbabwe Na...

by Staff reporter | 18 December 2014 | 4370 Views

Entertainment

Sony cancels US release of movie about plot to kill North Korean leader

by Staff Reporter | 18 December 2014 | 530 Views

Designer sale off 2014

by Hunnar Agency | 18 December 2014 | 1254 Views

10 Zim designers to feature in iFashion Fest 2014

by Hunnar Management Agency | 18 December 2014 | 1108 Views

Kunonga releases fourth album, Kwedu - AFRO-JAZZ singer Victor Kunong...

by Staff Reporter | 18 December 2014 | 454 Views

Ibumba roars into life with Tuku expected to headline the event - THE ...

by Simbarashe Mutizwa | 16 December 2014 | 1039 Views

Hollywood star 007 in drive to save Zimbabwe elephants - HOLLYWOOD st...

by Staff Reporter | 16 December 2014 | 2724 Views

T1 Wema1 drops new single 'Anochera Ngoda'

by Staff Reporter | 15 December 2014 | 1440 Views
iBlog

Advanced Systemcare Free To Optimize The Os Still Support Xp

the update systemcare free 7.3.0.456 (a set of tools to optimize the operating system) – now available.advanced systemcare is a free package to optimize, tweak, fix bugs and improve the overall performance of the operating system.the program anal... Read More
ITnews 02 June 2014 ago

Obviously, Windows Xp Has Nothing More To Offer

With no support from the manufacturer, windows xp no longer receives antivirus updates, which provoked an increase in the number of attacks on xp users. according to avast company, windows xp systems are attacked 6 times more often than the devices r... Read More
Sergey 12 June 2014 ago