Breaking News

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

by Business reporter
01 February 2013 | 3265 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

Is Tsvangirai's BIG TENT leaking?

Yes
27.84%
No
31.5%
Not bothered
40.66%
273

Comments

News Updates

Email:

Latest News

Police, MDC youths in violent attacks - The vindication of Prophets E...

by Staff Reporter | 02 October 2014 | 691 Views

Supa Mandiwanzira loses $5 000 to maid - Deputy Minister of Informatio...

by Tendai Rupapa | 02 October 2014 | 556 Views

Zanu PF factional strife: An example of 'Killing in the name of God

by Zisunko Ndlovu | 02 October 2014 | 704 Views

PSMAS a De-service to its Membership - The incessant problems posed on...

by Suitable Kajau | 02 October 2014 | 1188 Views

Herald exposes rift between Moyo, Gumbo - THE souring relationship bet...

by Staff reporter | 02 October 2014 | 2397 Views

Farmers must start preparations for 2014-15 agricultural season - Now ...

by Chido Chikuni | 02 October 2014 | 624 Views

Mwonzora cries foul

by Staff Reporter | 02 October 2014 | 1830 Views

15 months on, devolution still nowhere in sight

by Staff Reporter | 02 October 2014 | 1275 Views

Mugabe's aunt dies at 84 - President Mugabe's aunt, Magadalene Nyamuri...

by Lloyd Gumbo | 02 October 2014 | 3287 Views

Zimbabwe, Dar Salaam flights successful, says Fastjet

by Staff Reporter | 02 October 2014 | 1555 Views

EcoSchool targets 70% local varsity students in 18 months - ECONET Wir...

by Staff Reporter | 02 October 2014 | 1140 Views

Shake up at Zimpapers - Government has reportedly instigated a shake-...

by Staff Reporter | 02 October 2014 | 2008 Views

Zesa in prepaid meter dilemma - Nearly 100 000 houses in Harare and Bu...

by Staff Reporter | 02 October 2014 | 2784 Views

Armed residents block demolitions - Harare City Council was last night...

by Staff Reporter | 02 October 2014 | 2123 Views

ConCourt reserves Woza judgement

by Staff Reporter | 02 October 2014 | 395 Views

Doctors threaten sit-in

by Staff Reporter | 02 October 2014 | 1328 Views

Health insurance deal for kombis - Commuter omnibus operators have str...

by Staff Reporter | 02 October 2014 | 754 Views

Residents give Mugabe a 7 day ultimatum

by Staff Reporter | 02 October 2014 | 2317 Views

BCC, Zinwa headed for a clash

by Staff Reporter | 02 October 2014 | 693 Views

ConCourt clears Justice Hungwe, orders sentencing of murderer

by Staff Reporter | 02 October 2014 | 1019 Views

Obama told to shut up

by Bloomberg | 02 October 2014 | 2328 Views

Zanu-PF in bid to find Gono Senate solution - THE Zanu PF politburo on...

by Staff Reporter | 02 October 2014 | 1175 Views

Decentralize Intwasa ARTS Festival - WhatsApp update - Please note tha...

by Concerned Citizen | 02 October 2014 | 536 Views

Personal care industry faces collapse - The personal care industry fac...

by Staff Reporter | 02 October 2014 | 957 Views

Closed down companies in Bulawayo will not be revived, says Minister -...

by Staff Reporter | 02 October 2014 | 1845 Views

Mugabe critical of the state media - PRESIDENT Robert Mugabe has threa...

by Staff Reporter | 02 October 2014 | 1538 Views

Court rejects killer's freedom bid - A Harare court yesterday rejected...

by Court reporter | 02 October 2014 | 1096 Views

Facelift for Zim diamonds - DIAMOND dealers have expressed satisfactio...

by Staff reporter | 02 October 2014 | 779 Views

Former ZBC boss case held - SUSPENDED Zimbabwe Broadcasting Holdings c...

by Crime reporter | 02 October 2014 | 1379 Views

Entertainment

Zimbabwe International Gospel Musicians Association (ZIGMA)

by Staff Reporter | 02 October 2014 | 491 Views

Pokello urges Zimbos to support local BBA reps

by Staff Reporter | 01 October 2014 | 2103 Views

Izithunywa Zezulu Gospel Group - Yizwa Imithandazo Yethu - Sekwenzakel...

by Staff Reporter | 30 September 2014 | 808 Views

Tuku releases lyrics for new album ahead of launch

by Entertainment Reporter | 30 September 2014 | 1743 Views

Mtukudzi to release new album - Music superstar Oliver "Tuku" Mtukudzi...

by Staff reporter | 29 September 2014 | 1573 Views

Parliament TV Channel in pipeline - PARLIAMENTARY debates might soon ...

by Staff reporter | 28 September 2014 | 1311 Views

Omkhula, the funniest guys I have ever seen - NOW that the Intwasa Ar...

by Christopher Mlalazi | 28 September 2014 | 3015 Views

Albert Nyathi collaborates with Shabalala Rhythm's Maqhinga Radebe - R...

by Bekezela Tshuma | 28 September 2014 | 1111 Views
iBlog

Yet Another Wave Of Digital Destruction Is Coming

Malware fever keeps on raging, taking sophisticated forms to wreak havoc around the worldwide web. even if your system is guarded thoroughly, you are still skating on thin ice, so you should better keep your eyes open and think twice before you make ... Read More
SecNews 02 March 2014 ago

Auslogics Boostspeed 7 - More Powerful And User-friendly Than Ever

Auslogics boostspeed 7 - more powerful and user-friendly than ever!wondering how to fix slow computer performance? experts recommend auslogics boostspeed 7 - the most comprehensive system optimization software! auslogics boostspeed 7 is here!the bran... Read More
ITnews 26 August 2014 ago