Breaking News

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

by Business reporter
07 February 2013 | 2266 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

Will Grace succeed Robert Mugabe?

Yes
16.67%
No
80.95%
Not sure
2.38%
42

Comments

News Updates

Email:

Latest News

BAT Zimbabwe unit declares 100% dividend - BAT Zimbabwe, the Zimbabwe ...

by Staff reporter | 28 July 2014 | 227 Views

Police roadblocks driven by Cash than Purpose - Police roadblocks whic...

by Suitable Kajau | 28 July 2014 | 459 Views

Mbeki roped into Mugabe succession?

by Nancy Mabaya | 28 July 2014 | 1446 Views

Al Jazeera releases powerful exclusive footage of Palestinians fleeing Shujayea offensive

by Kevin Kriedemann & Joy Sapieka | 28 July 2014 | 336 Views

15 die in Kombi crash along Masvingo-Beitbridge highway - WhatsApp update

by Concerned Citizens | 28 July 2014 | 2834 Views

Marvo Stationery workers continue to suffer - Editor,Marvo Stationery ...

by Concerned Marvo Workers | 28 July 2014 | 1105 Views

'Zanu-PF's relationship with China should be investigated'

by Staff reporter | 28 July 2014 | 1999 Views

'Popularity is different from power,' says Tsvangirai

by Staff reporter | 28 July 2014 | 2461 Views

Zapu seek correction of war 'distortions' - A clique of former liberat...

by Staff reporter | 28 July 2014 | 1586 Views

Mujuru skips Grace Mugabe birthday bash

by Staff Reporter | 28 July 2014 | 3946 Views

Trouble in paradise: Beyonce, Jay Z barely talking, claim

by Agencies | 28 July 2014 | 1938 Views

Tsvangirai's ex-general joins MDC Renewal

by Staff reporter | 28 July 2014 | 2354 Views

'Tsvangirai trying to return to government via dubious means'

by Staff reporter | 28 July 2014 | 1693 Views

Makorokoza axe colleague to death

by Staff reporter | 28 July 2014 | 1425 Views

Zanu-PF tense over Grace Mugabe

by Staff reporter | 28 July 2014 | 2562 Views

Mutumwa Mawere joins Tendai Biti

by Staff reporter | 28 July 2014 | 2499 Views

Dembare beat Caps United

by Eddie Chikamhi | 28 July 2014 | 1070 Views

Bosso, Bantu in a stalemate

by Sports reporter | 28 July 2014 | 900 Views

'Mugabe promoting a culture of political dynasty,' says Biti

by Staff reporter | 28 July 2014 | 1184 Views

Mtukudzi doctorate 'null and void'

by Staff reporter | 28 July 2014 | 1368 Views

Soldiers in robbery spree

by Staff reporter | 28 July 2014 | 1832 Views

Deadly Ebola virus, Zimbabwe in red alert - ZIMBABWE is on high alert ...

by Staff reporter | 28 July 2014 | 1588 Views

Woman fakes mother's death, jailed 2 years

by Staff reporter | 28 July 2014 | 1369 Views

Tsvangirai extends begging bowl to the British - MDC-T leader Mr Morga...

by Daniel Nemukuyu | 28 July 2014 | 1211 Views

Mentally ill woman crushes niece's head - POLICE have arrested a 29-ye...

by Thupeyo Muleya | 28 July 2014 | 824 Views

College banned from awarding degrees - THE Zimbabwe Council for Higher...

by Mpumelelo Nyoni | 28 July 2014 | 1443 Views

Student teacher steals to pay prostitute - A STUDENT teacher at Joshua...

by Marvelous Moyo | 28 July 2014 | 1566 Views

Baba Jukwa saga: Cops to interview everyone mentioned - POLICE yesterd...

by Freeman Razemba | 28 July 2014 | 1319 Views

Tsvangirai 'nikuved' in UK - MDC-T leader Morgan Tsvangirai was last w...

by Staff reporter | 28 July 2014 | 2292 Views

Entertainment

Gospel singer wants prostitution to be legalised - Controversial gospe...

by Staff reporter | 27 July 2014 | 2653 Views

Zimbabwean boy revels in Soul Brothers music

by Lovemore Dube | 26 July 2014 | 5958 Views

Carl Joshua Ncube to tour with brand new material - The brand new stan...

by Staff Reporter | 24 July 2014 | 899 Views

Macheso gears up for UK tours - In an apparent joint preparation for t...

by Entertainment reporters | 23 July 2014 | 1754 Views

DJ Munya is back - After a two-year hiatus, DJ Munya - real name Munya...

by Entertainment Reporter | 23 July 2014 | 3154 Views

White guy plays chitekete - https://www.youtube.com/watch?v=kp16XF-Tcf...

by Staff Reporter | 23 July 2014 | 5006 Views

Beyonce and Jay Z to separate - claims - Jay Z and Beyonce are reporte...

by Staff reporter | 22 July 2014 | 4125 Views