Breaking News

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

by Business reporter
01 February 2013 | 3323 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

Does Prophet Magaya's anointing oil work?

Yes
16.9%
No
70.89%
Spiritual matters
12.21%
426

Comments

News Updates

Email:

Latest News

FlyAfrica mulls special fare for school children - Local budget airlin...

by Staff reporter | 02 March 2015 | 921 Views

Mugabe son in-law in no show - President Robert Mugabe's son in law Si...

by Staff Reporter | 02 March 2015 | 4280 Views

Women stabs hubby with 3 kitchen knives, killing him in the process - ...

by Staff reporter | 02 March 2015 | 3138 Views

All Zimbabweans are equal regardless of race, colour or creed - Zim...

by Obert Chaurura Gutu | 02 March 2015 | 1344 Views

Unpacking Mugabe's own lack of confidence in his 'leadership' abilitie...

by Fbr Mthokozisi Ndiweni | 02 March 2015 | 1777 Views

MDC-United unstoppable, Zimbabweans pin hopes on teamwork - The on cou...

by Kurauone Chihwayi | 02 March 2015 | 1774 Views

Mugabe's imprisonment threat enough to scar the cowardly Mutasa! - Mug...

by Wilbert Mukori | 02 March 2015 | 2338 Views

Gushungo Dairy to start ice cream and chocolate production - Grace Mug...

by Staff reporter | 02 March 2015 | 1064 Views

Bus accident 6 dead, 39 injured - Six people died while 39 were injur...

by Staff reporter | 02 March 2015 | 2790 Views

Mugabe told to 'stop making laughable public statements' - Former Zanu...

by Staff reporter | 02 March 2015 | 4117 Views

Mujuru and her allies will rot in jail, says Mugabe - In an ominous bi...

by Staff reporter | 02 March 2015 | 3279 Views

'I'm not afraid of Mugabe' - Former Zanu-PF spokesperson Rugare Gumbo ...

by Staff reporter | 02 March 2015 | 4150 Views

Zimbabwean youngster signs 2 year contract with Ipswich - A highly ra...

by Staff reporter | 02 March 2015 | 4016 Views

Chiyangwa appears to have patched things with wife Elizabeth

by Staff reporter | 02 March 2015 | 6120 Views

Welshman Ncube, Tendai Biti in futile endeavour

by chronicle editorial | 02 March 2015 | 5073 Views

Mutasa, the Chinhoyi diesel discovery illusionary badly miscalculated ...

by Suitable Kajau | 02 March 2015 | 4024 Views

The inevitable demise of opposition politics in Zimbabwe - The post 20...

by Prince Khumbulani Malinga | 02 March 2015 | 1401 Views

Wanted person - Picture - Police are looking for a man wanted in con...

by Staff reporter | 02 March 2015 | 6155 Views

Chaos at Zinasu meeting - A ZIMBABWE National Students Union (ZINASU) ...

by Staff reporter | 02 March 2015 | 1554 Views

Supersport deal delays Zimbabwe PSL kick-off - SOCCER fans would have ...

by Grace Chingoma | 02 March 2015 | 2247 Views

Mugabe eyesight problems worsen - PRESIDENT Robert Mugabe's eyesight p...

by Staff reporter | 02 March 2015 | 5598 Views

Mnangagwa was first class freedom fighter but State President, no! - W...

by Patrick Guramatunhu | 02 March 2015 | 3432 Views

World Bank to disburse funds to Zimbabwe this month - The World Bank w...

by Staff reporter | 02 March 2015 | 2335 Views

'Opposition party members' children denied access to educational assis...

by Staff reporter | 02 March 2015 | 1046 Views

'We don't regret supporting Zanu-PF,' says Charumbira - Zimbabwe Chief...

by Staff reporter | 02 March 2015 | 1161 Views

Mphoko unfit to lead National Healing and Reconciliation - Heal Zimbab...

by Staff reporter | 02 March 2015 | 941 Views

'I once confronted Mugabe,' says Mnangagwa - Vice President Emmerson M...

by Staff reporter | 02 March 2015 | 4562 Views

Grace jumped gun on Mujuru, says Mugabe - President Robert Mugabe has ...

by Staff reporter | 02 March 2015 | 5140 Views

Entertainment

DStv annual price increase effective 1 April 2015 - MultiChoice Afric...

by Mafu Sithabile | 02 March 2015 | 1454 Views

Popular Zim dancehall chanter arrested for fraud

by Liberty Dube | 27 February 2015 | 3486 Views

Group pens song for Mugabe - A 7-member group from Acturus has release...

by Staff reporter | 21 February 2015 | 1909 Views

Mathias Mhere saga takes new twist - Gift Mahlupeka, who allegedly che...

by Staff reporter | 20 February 2015 | 10428 Views

Mlambos Express Band flies Matabeleland Flag - Mlambos Express Band po...

by Entertainment Reporter | 20 February 2015 | 3349 Views

Will Smith's marriage is pretty much dead - For the past 18 years, Wil...

by BlackAmericaWeb | 19 February 2015 | 7083 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

Time To Kiss Zimbabwe Goodbye Forever.

By israel dubethings fall apart at zanupf. brother turns against brother, sister betrays sister. the center cannot hold anymore. as the walls of oppression and discrimination collapse, matebeles must make sure that they do not find themselves lost i... Read More
myAfroTube 03 November 2014 ago