Breaking News

ZSE:- Industrials slides again as profit taking weighs off recent gains

by Business reporter
07 February 2013 | 2358 Views
Industrials slid again on Thursday as investors continued to recoup profits in selected counters that recorded significant gains over the past 5 weeks.

The Minings Index however rebounded 0.89 points or 1.06% to 84.96 following gains in Bindura, up 0.10c to 3.2c. The Industrials Index was 0.68 points or 0.37% lower at 84.96.

Blue chip Innscor weighed heavily on the Industrials Index after dropping 0.05c to 99.95c in trades worth $229 044 while Delta remained constant at 125c in deals worth $372 041.

Econet also remained stable at 600c trading 152 480 shares worth $1,036 million after proposing a share split involving the division of every 1 existing share into 10 ordinary shares to make the stock affordable to small investors.

SeedCo was the top loser of the day dropping 17c to 60c after recently issuing a profit warning statement saying profits would be lower than the previous year.

Interfresh led today's gainers adding a modest 0.05c or 50% to 0.15c despite the recent acquisition of a significant portion of land by the First Family.

Other risers on the day were Willdale and Afre which advanced 25% and 6.25% to trade at 0.05c and 8.50c respectively.

RTG remained stable at 1.3c after NSSA snapped up over 70% of the new ordinary shares issued during the $4.5 million rights offer.

Turnall dropped 0.50c to 5c after reports that FBC terminated discussions for the planned disposal of a controlling stake in Turnal and is now accelerating the planned merger between its commercial banking unit and the building society. FBC, however closed buyers only at 8.3c.

DZHL advanced to an all-time high of 25.42c after strong bidding for about 3 million shares worth $891 142 while TSL added 0.49c to another all-time best of 15c. Hunyani eased 0.20c to 2.7c.




The Datvest All Share Index eased 0.59% to 122.01 while the FBC ZSE-10 Index was 0.81% weaker at 126.80.

Meanwhile Kingdom Stockbrokers is reportedly winding up operations after the firm decided not to renew its operating licence amid indications that management intends to refocus the business.


ZSE Industrials

Source: zfn

Does Prophet Magaya's anointing oil work?

Yes
17.24%
No
70.34%
Spiritual matters
12.41%
435

Comments

News Updates

Email:

Latest News

VP Mphoko takes bootlicking to another level - Vice President Pheleke...

by Staff Reporter | 03 March 2015 | 397 Views

Jailed notorious armed robber gets 10 more year

by Staff Reporter | 03 March 2015 | 1002 Views

Govt pays 2014 bonuses - Government has started paying state universit...

by Staff Reporter | 03 March 2015 | 1060 Views

Gumbo says Mugabe lying over coup accusations - Expelled former Zanu-...

by Blessing Zulu | 03 March 2015 | 2245 Views

Kaukonde faces parliament recall - ZANU-PF officials in Mashonaland E...

by Staff reporter | 03 March 2015 | 2225 Views

UMDC brings hope for Zimbabwe - The coming together of Green and Oran...

by Ngqabutho Mabhena | 03 March 2015 | 1355 Views

Movement for Democratic Change Youth Assembly calls for papers - The ...

by Brighton Makunike | 03 March 2015 | 811 Views

Educating Boris Johnson and others on Zimbabwe - I have just read Bori...

by Vince Musewe | 03 March 2015 | 704 Views

Man kills friend over booze - A ROW over the sharing of beer between t...

by Staff reporter | 03 March 2015 | 903 Views

African Union's ICC push back likely to continue under Mugabe - AMNEST...

by Staff reporter | 03 March 2015 | 560 Views

Mutasa, Gumbo go to court, challenges Zanu-PF constitution amendments ...

by Staff reporter | 03 March 2015 | 1879 Views

Zimbabwe, UK to renew economic ties - Britain is renewing economic dev...

by Staff reporter | 03 March 2015 | 1096 Views

Steward Bank partners Mastercard on remittances - Mastercard has annou...

by Staff reporter | 03 March 2015 | 796 Views

Synagogue: More Knocks for Lasema, Nema as Nollywood rallies round T.B...

by Nosa Osazuwa | 03 March 2015 | 776 Views

Open letter to Honourable Vice-President Phelekezela Mphoko - EDITOR,H...

by Khumbulani Maphosa | 03 March 2015 | 635 Views

Tsvangirai gives hope to Zimbabwean Diaspora as 'Ambassadors' take the...

by Wangu - Mine | 03 March 2015 | 1660 Views

Zimbabweans used 80 million condoms in 2014 - At least 80 million cond...

by Staff reporter | 03 March 2015 | 1162 Views

Emirates to commence daily service to Bali - HARARE - Emirates, which ...

by Staff Reporter | 03 March 2015 | 1197 Views

Telecel drams takes another twist - SOME shareholders of the Empowerme...

by Business Reporter | 03 March 2015 | 1822 Views

New Intercape - Pathfinder coaches resume operations - The new Interca...

by Staff reporter | 03 March 2015 | 3323 Views

15 actors flying Zimbabwe's flag high - ZIMBABWEANS are a talented lot...

by Staff reporter | 03 March 2015 | 2197 Views

Zinara looking for CEO - THE Zimbabwe National Roads Administration (Z...

by Mafu Sithabile | 03 March 2015 | 1490 Views

'Zuma must die, TB Joshua must suffer' - Video

by Staff Reporter | 03 March 2015 | 6030 Views

I am not 'killing the democratic spirit' - ....but setting the benchm...

by Wilbert Mukori | 03 March 2015 | 2470 Views

Entertainment

TV Programme Concepts Requirements - Dear independent producers,Thank ...

by Staff reporter | 03 March 2015 | 383 Views

Fireworks expected on the Easter Weekend in UK

by Staff Reporter | 03 March 2015 | 492 Views

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

by Mafu Sithabile | 02 March 2015 | 2515 Views

Popular Zim dancehall chanter arrested for fraud

by Liberty Dube | 27 February 2015 | 3998 Views

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

by Staff reporter | 21 February 2015 | 1977 Views

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

by Staff reporter | 20 February 2015 | 10675 Views

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

by Entertainment Reporter | 20 February 2015 | 3425 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

Those Behind Tb Joshua Watch Photo Proof!

when this couple (dave and angie) were indicted of being the masterminds behind tb joshua watch, the blog admins refuted it and denied any sort of connections with the couple, but that’s not what the facts portray as precisely every single one ... Read More
pointblank 13 July 2014 ago