Breaking News

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

by Business reporter
07 February 2013 | 2313 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

Could there be war if Grace Mugabe becomes President?

Who cares?


Latest Classifieds (Click Here For More)

News Updates


Latest News

Mugabe wants to quit says Zambia's new president

by Staff Reporter | 31 October 2014 | 1447 Views

Pastor caught engaging bonking policeman's wife in a car - Married Met...

by Staff reporter | 31 October 2014 | 1683 Views

Reasons why Grace Mugabe attacked Joice Mujuru - Ongoing attempts to e...

by Staff reporter | 31 October 2014 | 2068 Views

Mujuru camp hits back - The Zanu-PF Secretary for Information and Publ...

by Staff reporter | 31 October 2014 | 2235 Views

Thomas Mapfumo not dead - The social media was abuzz on Friday with ...

by Staff Reporter | 31 October 2014 | 1645 Views

Jabulani Sibanda's bedroom coup jab at Mugabe haunts him - The founder...

by Staff reporter | 31 October 2014 | 1180 Views

Sibanda bedroom coup jab at Mugabe was more potent than Ali's left hoo...

by Wilbert Mukori | 31 October 2014 | 3918 Views

Rude awakening for judge aspirant - A former High Court Registrar and ...

by Staff reporter | 31 October 2014 | 2337 Views

Mugabe and friends need to know we will change history narrative - Th...

by Shingai Mugochi | 31 October 2014 | 2633 Views

Gideon Gono to takeover re-branded Zanu-PF?

by Nancy Mabaya | 31 October 2014 | 4030 Views

Inside Mugabe's sealed succession envelope: Fear, self assassinations ...

by Dinizulu Mbikokayise Macaphulana | 31 October 2014 | 3639 Views

When even the gullible can no longer be fooled - The west has once mor...

by Tafara Shumba | 31 October 2014 | 897 Views

Tsvangirai's wife refuses to be called Dr Macheka - Morgan Tsvangirai'...

by Staff reporter | 31 October 2014 | 6746 Views

Image battered Tsvangirai faces the daunting task of reuniting the par...

by Prince Tongogara | 31 October 2014 | 1812 Views

MDC-T Congress - Live updates - Below are live updates of the Morgan ...

by Staff reporter | 31 October 2014 | 3786 Views

Senzo Meyiwa suspect arrested at Beitbridge border post - A suspect in...

by City Press | 31 October 2014 | 5131 Views

'Mugabe strong armed by the Chinese to support Mnangagwa': Report - T...

by Staff Reporter | 31 October 2014 | 6422 Views

Mujuru's lawyers speak out - Musunga and Associates law firm said it c...

by Staff reporter | 31 October 2014 | 5561 Views

Woman drags young sister to court for sleeping with her hubby

by Staff reporter | 31 October 2014 | 4217 Views

Man commits suicide after girlfriends clash at his place

by Court Reporter | 31 October 2014 | 3863 Views

Mujuru on the ropes as Mugabe says Grace has right to be in politics -...

by Staff reporter | 31 October 2014 | 2647 Views

Mujuru, Mnangagwa to be probed - President Robert Mugabe will soon set...

by Staff reporter | 31 October 2014 | 4290 Views

Thousands demand Mujuru's resignation - Scores of Zanu-PF supporters y...

by Staff reporter | 31 October 2014 | 2165 Views

Zanu PF divisions reach boiling point, Gwanetsa fired

by Staff Reporter | 31 October 2014 | 2839 Views


Our hands are clean, says DJ Munya

by Court reporter | 31 October 2014 | 2282 Views

Oliver Mtukudzi to get 'real' PhD - ICONIC musician Oliver Mtukudzi is...

by Staff reporte | 30 October 2014 | 3066 Views

Zimbabwe's JJ survives Big Brother Africa eviction... again - Zimbabw...

by Staff reporter | 27 October 2014 | 2191 Views

Carl Joshua Ncube to star in game show - Comedian Carl Joshua Ncube wi...

by Staff reporter | 23 October 2014 | 1630 Views

LadyBee Anondida - Official video

by Staff Reporter | 23 October 2014 | 4305 Views

Zim representative in the Big Brother Africa survives eviction - Zimba...

by Staff reporter | 20 October 2014 | 3556 Views

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

Spell Caster Who Brought Back My Happiness Back To Me

I am giving thanks to all those who are responsible in putting dr.tamazaki contact details on the internet, my love life has not been easy for me since 3rd of july which was my birthday and my lover never showed up to wish me happy birthday. before ... Read More
chandeller 30 October 2014 ago