Breaking News

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

by Business reporter
01 February 2013 | 3297 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

Are housemaids an evil lot?

Yes
26.94%
No
64.49%
Not sure
8.57%
490

Comments

News Updates

Email:

Latest News

Come back to the BIG TENT Hon W Ncube, Hon T Biti and the whole Team -...

by Prof Richard M Simango | 21 December 2014 | 3026 Views

Central bank monitoring suspicious transactions

by Business Reporter | 21 December 2014 | 2468 Views

We are not mortgaging minerals says Chinamasa

by Staff Reporter | 21 December 2014 | 1188 Views

Cde Dabengwa, how can you not speak against Gugurahundi architectures ...

by Nomazulu Thata | 21 December 2014 | 3768 Views

Pakistan executes four more militants -  Lahore - Pakistan on Sun...

by Staff Reporter | 21 December 2014 | 1177 Views

US to review North Korea terror status - Washington - The United State...

by Staff Reporter | 21 December 2014 | 877 Views

Nine companies prosecuted for selling contaminated fuel

by Staff Reporter | 21 December 2014 | 2224 Views

Mugabe axes seven more ministers - Seven more parliamentarians have be...

by Staff Reporter | 21 December 2014 | 9509 Views

Woman walks in on daughter having sex with boyfriend - A WOMAN from Co...

by Gibson Mhaka | 21 December 2014 | 6511 Views

Man draws out sword in street fight - IMBIBERS at Enkundleni Bottle St...

by Staff Reporter | 21 December 2014 | 2425 Views

This and that with Mal'phosa - Those that fell from Grace - Well it's ...

by Clerk Ndlovu | 21 December 2014 | 2348 Views

Nyabadza Children's Trust Donates Soccer Balls to Future CR7s

by Staff Reporter | 21 December 2014 | 1041 Views

Thieving teen tells court 'everyone' steals - A DARING Silobela teen...

by Staff Reporter | 21 December 2014 | 3528 Views

Man circumcises sons with nail-cutter

by Staff Reporter | 21 December 2014 | 2291 Views

90-year-old 'witch' caught after failing to eat baby - STORIES of wi...

by Nhlalwenhle Ncube | 21 December 2014 | 4597 Views

Why are civil servants treated unequal? - 02:34, 21 Dec - ‪+263 7* *...

by Concerned civil servants | 21 December 2014 | 2891 Views

'Econet opera bundles, fraud at its highest' - Please note that Bulawa...

by Concerned Citizen | 21 December 2014 | 2771 Views

Gushungo ML with GP number plates - Photos

by Staff Reporter | 21 December 2014 | 6752 Views

Warriors 'could have interesting times ahead,' says Khama Billiat - Ma...

by Staff Reporter | 21 December 2014 | 2077 Views

Goche war reports, a pack of lies - THE factional fighting in Zanu PF ...

by Staff Reporter | 21 December 2014 | 4195 Views

Nhema, Buka blocked from greeting Mnangagwa

by Staff Reporter | 21 December 2014 | 4634 Views

US$30 billion economy can be grown in Vic Falls - Mzembi

by Staff Reporter | 21 December 2014 | 1771 Views

Dabengwa refuses to talk about Mnangagwa's role in Gukurahundi

by Staff Reporter | 21 December 2014 | 3159 Views

VP Mnangagwa assassination plot: Forensic detectives called in

by Kuda Bwititi | 21 December 2014 | 2838 Views

Unqualified teachers' future hangs in the balance

by Tinomuda Chakanyuka | 21 December 2014 | 2972 Views

Time for a Revolution for Women in Zimbabwe : No more Delay - Violenc...

by Minenhle Gumede | 21 December 2014 | 1065 Views

'We demand human rights in Matabeleland South' - Prominent Matabelelan...

by Staff Reporter | 21 December 2014 | 1280 Views

'Gold panners' murder soldier, chops body into pieces - A GWERU soldie...

by Munyaradzi Musiiwa | 21 December 2014 | 2514 Views

Gwanda runs dry again

by Staff Reporter | 21 December 2014 | 1279 Views

Entertainment

Visually impaired singer gets early Christmas present

by Staff Reporter | 19 December 2014 | 2107 Views

Tuku fails to secure seat on Air Zimbabwe

by Staff Reporter | 19 December 2014 | 3411 Views

Mafikizolo jets into Zimbabwe today

by Brenda Phiri | 19 December 2014 | 1827 Views

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

by Staff Reporter | 18 December 2014 | 2162 Views

Designer sale off 2014

by Hunnar Agency | 18 December 2014 | 3301 Views

10 Zim designers to feature in iFashion Fest 2014

by Hunnar Management Agency | 18 December 2014 | 3164 Views

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

by Staff Reporter | 18 December 2014 | 1080 Views

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

by Simbarashe Mutizwa | 16 December 2014 | 1517 Views
iBlog

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

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