Breaking News

Industrials races past 180 mark as Innscor hits a $1 for the first time

by Business reporter
01 February 2013 | 3281 Views
Innscor shares hit $1 for the first time to close at tOO.OIc as the Industrials surged past the 180-point barrier for the first time since dollarisation in 2009.

Innscor advanced a massive 9.50c to its all-time best of 100.01c amid strong bidding for shares worth $570 736. Today's rally took Innscor's market cap past the half a billion mark to close at $540.2 million.

Meanwhile Delta shares see sawed during the trading session as the share price was pushed to 128.01c before it was challenged all the way down to 125.9c in deals largely driven by profit takers. About 2 million shares worth $2,557 million traded in Delta.

The Industrials Index was 2.64 points or 1.47% up to 181.98 taking its gains this year alone to 19.41 % whilst no movements were recorded in the resources sector resulting in the Minings Index closing unchanged at yesterday's level.

Volumes swelled at week's end closing at $3,915 million, the best level so for this year on a volume of 10.68 million shares compared with yesterday's $2,952 million on a volume of 8.582 million shares.

Weekly volumes improved significantly to 90.57 million shares worth $11.05 million compared with last week's 26.50 million shares worth $6,048 million.

Bankers closed the week mixed with CBZ rising 0.61c to 11.11c in notable volumes worth $577 746 while Barclays eased 0.02c to 3.58c as the RBZ governor Gideon Gono announced yesterday that the RBZ had signed an MoU with banks that will see substantial reduction in bank charges.

NMB gained 0.04c to 0.8c after announcing that 3 foreign investors have agreed to inject $14.8 million in the bank in return for a 27% stake. NMB shares have also been granted full fungibility status by the RBZ.

Old Mutual picked up 1c to close at its 52-week high of 181c just 2.16% shy of its all-time high of 185c set on November24f 2009. PPC was also 4c firmer at 215c.

Retail counters were largely on the upside with Truworths rising 0.30c to 3.2c while OK Zimbabwe closed at another all-time high of 18.01c. Edgars was also 0.30c firmer at 9.5c.

The upsurge in retail counters saw the Truworths Retail Index on the Zfn board rising 5.66% to 241.00 while Innscor's record jump helped the Conglomerates Index to rise 8.23% to 75.04.

SeedCo was offered bid and offered lower at 60c and 75c respectively after issuing a trading update with a profit warning saying it is anticipated that group year-end forecast profits will be lower than those reported last year. Parent Aico Africa was however 0.50c firmer at 11c ahead of its expected unbundling of its subsidiaries.

The Datvest All Share Index was 1.08% up at 120.44 while the FBC ZSE-10 Index was 1.54% in the positive at 125.59.


ZSE Industrials

Source: zfn

Could there be war if Grace Mugabe becomes President?

Yes
74.38%
No
8.76%
Who cares?
16.86%
605

Comments

Latest Classifieds (Click Here For More)

News Updates

Email:

Latest News

Tsvangirai's wife refuses to be called Dr Macheka - Morgan Tsvangirai'...

by Staff reporter | 31 October 2014 | 404 Views

Image battered Tsvangirai faces the daunting task of reuniting the par...

by Prince Tongogara | 31 October 2014 | 240 Views

MDC-T Congress - Live updates - Below are live updates of the Morgan T...

by Staff reporter | 31 October 2014 | 483 Views

Senzo Meyiwa suspect arrested at Beitbridge border post - A suspect in...

by City Press | 31 October 2014 | 2230 Views

'Mugabe strong armed by the Chinese to support Mnangagwa': Report - T...

by Staff Reporter | 31 October 2014 | 4514 Views

Mugabe urges party to follow regulations - President Mugabe has implor...

by Staff reporter | 31 October 2014 | 1517 Views

Mujuru's lawyers speak out - Musunga and Associates law firm said it c...

by Staff reporter | 31 October 2014 | 3880 Views

Woman drags young sister to court for sleeping with her hubby

by Staff reporter | 31 October 2014 | 2872 Views

Man commits suicide after girlfriends clash at his place

by Court Reporter | 31 October 2014 | 2366 Views

Mujuru on the ropes as Mugabe says Grace has right to be in politics -...

by Staff reporter | 31 October 2014 | 1811 Views

Woman gets protection order against love rival

by Court Reporter | 31 October 2014 | 1058 Views

Mujuru, Mnangagwa to be probed - President Robert Mugabe will soon set...

by Staff reporter | 31 October 2014 | 2625 Views

Thousands demand Mujuru's resignation - Scores of Zanu-PF supporters y...

by Staff reporter | 31 October 2014 | 1510 Views

Our hands are clean, says DJ Munya

by Court reporter | 31 October 2014 | 1422 Views

Zanu PF divisions reach boiling point, Gwanetsa fired

by Staff Reporter | 31 October 2014 | 1809 Views

Man kills wife with the help of granddaughter

by Staff reporter | 31 October 2014 | 1233 Views

Mugabe takes a swipe at Kaukonde for bankrolling Mujuru's underground ...

by Staff reporter | 31 October 2014 | 1902 Views

Mugabe defends 'Cde Gamatox'

by Staff reporter | 31 October 2014 | 1831 Views

'Vote Mujuru out at congress,' says Mugabe - PRESIDENT Robert Mugabe o...

by Staff Reporter | 31 October 2014 | 2226 Views

Grace Mugabe's mini 'unity accord' collapses - THE mini 'unity accord'...

by Staff reporter | 31 October 2014 | 1989 Views

Chaos in Zanu-PF structures

by Staff reporter | 31 October 2014 | 1420 Views

The British are coming to kneel before us, Cdes - Dear Cabinet andPoli...

by cznotebook | 31 October 2014 | 1154 Views

'Jabulani Sibanda sent by Satan,' says Mugabe

by Staff reporter | 31 October 2014 | 2680 Views

Bus accident, 2 drivers killed - TWO people, both of them drivers, die...

by Staff reporter | 31 October 2014 | 1278 Views

Tsvangirai speaks on MDC-T coup and Grace Mugabe - Zimbabwe's main opp...

by Staff reporter | 31 October 2014 | 2263 Views

Kembo Mohadi suffers a major blow - HOME AFFAIRS minister Kembo Mohadi...

by Staff reporter | 31 October 2014 | 1529 Views

Entertainment

Oliver Mtukudzi to get 'real' PhD - ICONIC musician Oliver Mtukudzi is...

by Staff reporte | 30 October 2014 | 2722 Views

Zimbabwe's JJ survives Big Brother Africa eviction... again - Zimbabw...

by Staff reporter | 27 October 2014 | 2074 Views

Carl Joshua Ncube to star in game show - Comedian Carl Joshua Ncube wi...

by Staff reporter | 23 October 2014 | 1567 Views

LadyBee Anondida - Official video

by Staff Reporter | 23 October 2014 | 4098 Views

Zim representative in the Big Brother Africa survives eviction - Zimba...

by Staff reporter | 20 October 2014 | 3479 Views

Grace Mugabe's political comedy takes ZTV hostage - For the past two w...

by Staff reporter | 20 October 2014 | 6537 Views

Oliver Mtukudzi to deliver lecture at Musica 2014 - Zimbabwe's interna...

by Staff reporter | 19 October 2014 | 2140 Views
iBlog