Breaking News

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

by Business reporter
01 February 2013 | 2915 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


News Updates


Latest News

Two cops shot dead in Chipinge - Two police officers and a suspected p...

by Staff Reporter | 28 November 2015 | 1386 Views

Mphoko challenges Bulawayo - Acting President Phelekezela Mphoko has c...

by Staff reporter | 28 November 2015 | 2011 Views

Mugabe's white man

by Staff reporter | 28 November 2015 | 2883 Views

WATCH: White man chanting Mugabe slogans - Peter Haritatos is a busin...

by facebook | 28 November 2015 | 1924 Views

'Zimbabwe to reverse failed indigenisation,' says Mnangagwa - Vice Pre...

by Staff reporter | 28 November 2015 | 2253 Views

Tsholotsho FC survives relagation - 2015 FINAL LOG STANDINGSC* Chicken...

by sports reporter | 28 November 2015 | 2430 Views

South African General work visa - A Tale of unintended consequences

by Munyaradzi Nkomo . B.Com Law ; LL.B UWC | 28 November 2015 | 1806 Views

Mugabe's former ally opens lid on Gukurahundi - Respected Zanu-PF elde...

by Staff reporter | 28 November 2015 | 1850 Views

Security company demands $186 000 from Pioneer Transport

by Staff reporter | 28 November 2015 | 1124 Views

Didymus Mutasa makes a surprise appearance in public

by Staff reporter | 28 November 2015 | 2374 Views

$6 million worth of Zimbabwe bond coins trigger widespread cheer

by Staff reporter | 28 November 2015 | 1242 Views

'Mugabe must name successor' - With Zanu-PF's seemingly unstoppable fa...

by Staff reporter | 28 November 2015 | 854 Views

Soldiers, police deployed in rural areas to instill fear among village...

by Staff reporter | 28 November 2015 | 2096 Views

Mugabe central in Zanu-PF factional wars - FORMER Midlands governor Ce...

by Staff reporter | 28 November 2015 | 1451 Views

MP digs into Presidential input scheme - MP for Mutasa Central Trevor ...

by Stephen Jakes | 28 November 2015 | 849 Views

Zupco imported buses still parked due to govt failure top pay duty

by Stephen Jakes | 28 November 2015 | 1773 Views

'Hungry' Zimbabwean journalists receive hampers from Grace Mugabe - Ch...

by Staff reporter | 28 November 2015 | 1348 Views

Econet not treating us as buddies - Gwanda residents have expressed an...

by Staff Reporter | 28 November 2015 | 857 Views

Woman seeks protection from son's girlfriend - AFTER receiving several...

by Collette Mukome | 28 November 2015 | 1043 Views

Jonathan Moyo rallies Tsholotsho FC

by Sikhumbuzo Moyo | 28 November 2015 | 1880 Views

Hubby snatcher escapes jail term - ATTACKING the wife of her boyfriend...

by Collette Mukome | 28 November 2015 | 1338 Views

Woman confessed to stealing 5 times from the same supermarket without ...

by Elizabeth Tsuro | 28 November 2015 | 1304 Views

Street knockdown man dies

by Whinsley Masara | 28 November 2015 | 3094 Views

Businesswoman wrecks marriage - RUSAPE businesswoman, Gladys Svosve - ...

by Lovemore Kadzura | 28 November 2015 | 2225 Views


Bob Marley family confront Zimbabwe Music Awards

by Bongani Ndlovu | 25 November 2015 | 4458 Views

WATCH: Late Night show's analysis of Zanu-PF factional battles - LATE ...

by Staff reporter | 24 November 2015 | 2930 Views

Pregnancy won't stop me from flying, says Sandra Ndebele

by Bongani Ndlovu | 24 November 2015 | 4515 Views

Frustrated Hosiah Chipanga dumps Zimbabwe

by Staff Reporter | 24 November 2015 | 5719 Views

Miss Rural Goromonzi Crowned - It was a day to remember for the Goromo...

by Stephen Jakes | 24 November 2015 | 1774 Views

Heavily pregnant Sandy delays flight for an hour

by Staff reporter | 23 November 2015 | 8378 Views

Eutelsat to speed up Zimbabwe digitisation

by Staff reporter | 23 November 2015 | 1957 Views

Greatsoftline For All Of Your Software Needs

coupon and promo codes: greatsoftline for all of your software needswhile some online sellers have promotional services that reduce the overall amount you spent, others do not .you need to be on the lookout for the best outlets in order to chase th... Read More
ITnews 25 February 2015 ago

Apple Watch Teardown Reveals Unique Hardware And Replaceable Parts

The apple watch may not be fine jewelry, but bill detwiler cracks it open and shows you why he thinks it's a fine piece of tech. the apple watch may be beautiful on the outside, but how about on the inside? in this cracking open installment, we go in... Read More
Sergey 11 June 2015 ago