Breaking News

ZSE:- Industrials halts 2-day slide to post marginal rebound

by Business reporter
08 February 2013 | 2813 Views
ZSE's Industrials halted a 2-day slide to post a modest rebound at week's end after mixed gains across the board cancelled out losses in blue chips Innscor and OK Zimbabwe.




The Industrials looked firm at the opening of the session rising 0.31% largely on gains in Econet and DZLH only to ease 0.23 percentage points to just 0.08% as Innscor tumbled to 98c.

The Industrials Index thus closed a marginal 0.12 points or 0.07% up at 183.98 while the Minings Index eased 1.07 points or 1.27% to 83.00 as RioZim's bid and offer dropped to 20c and 45c respectively after reports the group has closed its Renco Gold Mine because of operational challenges.

Daily volumes eased with 3.657 million shares worth $1,077 million transacting compared with 9.321 million shares worth $2,716 million that traded yesterday.

Volumes however improved on a week-on-week basis with a total of 39.61 million shares worth $17.10 million passing through the market this week compared with 90.57 million shares worth $11.05 million that traded the whole of last week.

Econet recovered 10.01c to 610.01c a new all-time high ahead of its EGM to approve a 10 for 1 share split at the end of the month.

FBC added 0.46c to 8.45c its 52-week high and just shy of its all-time high of 8.6c set on August 31,2011 after announcing it has terminated negotiations for the disposal of its stake in Turnall. Turnall remained stable at 5c.

DZLH shares hit an all-time high of 26.05c in deals worth $140 073 while Powerspeed was 0.50c or 33.33% higher at 2c, its best level in 52 weeks.

Dual listed counter Old Mutual picked up 0.50c to 185c, its all-time best level, first set on November 24, 2009.

Delta was unchanged at 125c in deals worth $140 073 while Innscor eased 1.95c to 98c and remains sellers only at the same price mainly on profit taking. Natfoods however added 1 c to 142c.

NMB continued to firm after adding 0.12c or 10.81% to 1.23c in the wake of news that the group had secured foreign partners to shore up its capital levels and the subsequent granting of full fungibility status for 40% of its shares.

OK Zimbabwe eased 0.61 c to 18.5c while PG Industries led the day's falling counters after shedding 0.20c or 40% to 0.3c.

The Datvest All Share Index recovered 0.14 points or 0.11% to 122.15 while the FBC ZSE-10 Index was a modest 0.03% up at 126.83 as a result of losses in Innscor and OK Zimbabwe.

ZSE Industrials

Source: zfn

Comments

Latest News

Pastor to visit mortuaries to raise dead people

by Staff Reporter | 24 May 2016 | 74 Views

Mujuru to publish book on all Mugabe atrocities

by Staff Reporter | 24 May 2016 | 116 Views

Zanu PF bar Team Lacoste in Bikita

by Staff Reporter | 24 May 2016 | 133 Views

Mtukudzi, Macheso clash - The stage has been set for Oliver Mtukudzi a...

by Tawanda Marwizi | 24 May 2016 | 96 Views

Boss rapist jailed 20 years - A 35-YEAR-OLD man from Zhombe was yester...

by Elizabeth Tsuro | 24 May 2016 | 115 Views

New Zimbabwean bond notes are similar tp loan sharks

by Sikhumbuzo Moyo | 24 May 2016 | 163 Views

Schoolboy rapes three pupils

by Melody Baya | 24 May 2016 | 110 Views

Pasuwa to announce Warriors squad - WARRIORS coach Callisto Pasuwa wil...

by Sikhumbuzo Moyo | 24 May 2016 | 70 Views

High Court quashes Kasukuwere directive on Gwanda - THE High Court has...

by Mashudu Netsianda | 24 May 2016 | 108 Views

Chief Negomo in trouble over Presidential inputs - Chief Negomo has ap...

by Daniel Chigunwe | 24 May 2016 | 103 Views

Khama Billiat set for rich pickings - ZIMBABWE international forward K...

by Grace Chingoma | 24 May 2016 | 160 Views

Strong dollar hits remittances to Zimbabwe - Remittances from abroad i...

by Staff reporter | 23 May 2016 | 2134 Views

Mugabe urged to step down to groom newly-born grandson

by Staff reporter | 23 May 2016 | 1957 Views

Mtukudzi to entertain million-man marchers - With two days to go befor...

by Staff reporter | 23 May 2016 | 1338 Views

Entertainment

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

by Nhlalwenhle Ngwenya | 24 May 2016 | 45 Views

Zimbabwean singer bemoans rampant piracy

by Thobekile Zhou | 23 May 2016 | 960 Views

Face to Face with Mawiza Mdluli - The 'New Mathonto'

by Clerk Ndlovu | 22 May 2016 | 1451 Views

Gospel artist drop new album

by Thobekile Zhou | 21 May 2016 | 2117 Views

Zimbabwean artist launches a 10-track gospel CD album online

by Entertainment Reporter | 20 May 2016 | 2594 Views
iBlog

Samsung Gear Vr Innovator Edition For S6: The Perfect Vr Intro For Professionals

we're drenched in talk about the impending wave of consumer-facing vr headsets about to hit the market, starting at the end of 2015. by contrast, you can walk into a best buy right now and pick up the samsung gear vr innovator edition for the galax... Read More
Sergey 20 June 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