Breaking News

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

by Business reporter
07 February 2013 | 2053 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

Comments

Latest News

Africa has been stabbed in the back by its rogue leaders - Africa is a...

by Tendai Ruben Mbofana | 25 May 2016 | 167 Views

ZLHR joins the nation in celebrating Africa Day but...

by Stephen Jakes | 25 May 2016 | 142 Views

Grace Mugabe descends on Bulawayo

by Staff Reporter | 25 May 2016 | 625 Views

Bosso aim to break Dembare jinx - DYNAMOS' 10-year unbeaten record aga...

by Eddie Chikamhi | 25 May 2016 | 312 Views

Family denied burial order over birth certificate - A Ngozi Mine famil...

by Nqobile Tshili | 25 May 2016 | 332 Views

The fate of the Zimbabweans in Kuwait - The predicament of some Zimbab...

by Saul Gwakuba Ndlovu | 25 May 2016 | 255 Views

UZ deny 47% HIV rate among students - The University of Zimbabwe (UZ) ...

by Staff Reporter | 25 May 2016 | 230 Views

Ticket scam suspects held at Barbourfields - TWO football fans were on...

by Sikhumbuzo Moyo | 25 May 2016 | 151 Views

Minister Undenge distances self from ZPC tender scandal - ENERGY and P...

by Business Reporter | 25 May 2016 | 126 Views

Putin congratulates Mugabe - RUSSIAN President Vladimir Putin has cong...

by Staff reporter | 25 May 2016 | 192 Views

Zanu-PF psyched to march for Mugabe - All roads lead to the Robert Mug...

by Staff Reporters | 25 May 2016 | 124 Views

School shutdown over 'protest incitement' teachers - THE Roman Catholi...

by Walter Mswazie | 25 May 2016 | 209 Views

Pastor 'rapes', impregnates 2 - A 60-YEAR-OLD self-proclaimed prophet ...

by Patience Mutsiwi | 25 May 2016 | 219 Views

Less than 1 million to attend march - Zanu PF - Zanu PF youth league l...

by Thobekile Zhou | 25 May 2016 | 213 Views

Chief warns prosecutor in Kereke case - Chief Mkanganwi of Bikita yest...

by Fungai Lupande | 25 May 2016 | 145 Views

Probe into missing $15 billion diamond funds intensifies - As investig...

by Staff reporter | 25 May 2016 | 173 Views

HEAL ZIMBABWE joins celebrations on Africa Day

by Stephen Jakes | 25 May 2016 | 97 Views

Pasuwa calls up inactive players into Warriors Nations Cup, Cosafa squ...

by Sikhumbuzo Moyo | 25 May 2016 | 180 Views

Million-Man March roars into life - All roads lead to the Robert Mugab...

by Staff reporter | 25 May 2016 | 175 Views

Why do people march in support of looters- analyst

by Stephen Jakes | 25 May 2016 | 171 Views

Need for water enhances Social Cohesion in Buhera.

by Stephen Jakes | 25 May 2016 | 91 Views

Mr Cooper appointed Warriors assistant coach - CALLISTO Pasuwa has end...

by Grace Chingoma | 25 May 2016 | 212 Views

Murder cases surge - POLICE have expressed alarm over the surge in mur...

by Crime Reporter | 25 May 2016 | 131 Views

It's a million-passenger train! - DESTINATION: ROBERT MUGABE SQUARE, H...

by Tichaona Zindoga | 25 May 2016 | 198 Views

MDC will win 'free and fair elections' - devil is in ensuring election...

by Patrick Guramatunhu | 25 May 2016 | 136 Views

Ndoro gets call - IN-FORM Orlando Pirates forward Tendai Ndoro and mid...

by Grace Chingoma | 25 May 2016 | 185 Views

Entertainment

Gringo turns to music - "I am an artiste and have passion for acting. ...

by Sophia Chese-Msowa | 25 May 2016 | 146 Views

Dj Zinhle dying to be in Bulawayo

by Thobekile Zhou | 24 May 2016 | 1510 Views

How Oskido fell in love with Kwaito - SOUTH African music mogul Oscar ...

by Bongani Ndlovu | 24 May 2016 | 1298 Views

Gospel divas upbeat ahead of Malope show - LOCAL performers billed for...

by Nhlalwenhle Ngwenya | 24 May 2016 | 888 Views

DJ Sbu rips the stage at Pabloz VIP - South African deejay‚ philanth...

by Staff reporter | 24 May 2016 | 1141 Views