Breaking News

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

by Business reporter
08 February 2013 | 3113 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

Are housemaids an evil lot?

Yes
27.07%
No
64.26%
Not sure
8.68%
484

Comments

News Updates

Email:

Latest News

Zim prison services warn against corruption - The Zimbabwe Prison and ...

by Staff Reporter | 20 December 2014 | 323 Views

Mphoko promises to take Bulawayo industries back to their glory days

by Staff Reporter | 20 December 2014 | 428 Views

VP Mphoko, Sir: Enkosi - Siyabonga! - Enkosi - as amaXhosa will say. S...

by Casper Dube | 20 December 2014 | 535 Views

Unity Day statement by Dr Dumiso Dabengwa - Unity Day 2014: Critical p...

by Dr Dumiso Dabengwa | 20 December 2014 | 1283 Views

Cash-strapped GMB offers workers maize as pay - THE cash-strapped Grai...

by Staff Reporter | 20 December 2014 | 973 Views

Stunner in car crash

by Staff Reporter | 20 December 2014 | 1845 Views

Beitbridge Alert: 'Bogus agriculture officer terrorising fruit and veg...

by Concerned citizen | 20 December 2014 | 776 Views

Tsvangirai the father of modern day democratic resistance - Zimbabwe's...

by Dr. Wangu Mazodze | 20 December 2014 | 1159 Views

Witchcraft scare as dead child's body is found 'hidden' in a trunk - ...

by Staff Reporter | 20 December 2014 | 2131 Views

Shock as pregnant woman gives birth to a 'frog' - A BULAWAYO family wa...

by Staff Reporter | 20 December 2014 | 3062 Views

Mr Mphoko blames Gukurahundi on the West Not ZANU PF - In 1978 and 197...

by Thulani Nkala | 20 December 2014 | 2418 Views

'Mnangagwa time to tell the truth' - Dear Mr Mnangagwa Did you know th...

by Thulani Nkala | 20 December 2014 | 3976 Views

Madinda, Mapeza come together again - FORMER Warriors coaches Norman M...

by Petros Kausiyo | 20 December 2014 | 2936 Views

Willowvale Mazda Motor Industries to close down - THE Industrial Devel...

by Staff Reporter | 20 December 2014 | 2467 Views

Zanu-PF to revisit all pending disciplinary cases - Mujuru, Mutasa in ...

by Staff Reporter | 20 December 2014 | 2893 Views

Chinamasa clueless

by Staff Reporter | 20 December 2014 | 2132 Views

Zimbabwe defends sale of elephants - ZIMBABWE has defended the sale of...

by Staff Reporter | 20 December 2014 | 930 Views

Court protects self-confessed prostitute from pimp boyfriend

by Staff Reporter | 20 December 2014 | 1433 Views

Dr Debangwa to join Mujuru 'to prevent' Zanu PF dictatorship he said -...

by Wilbert Mukori | 20 December 2014 | 2389 Views

Mugabe, A Sometimes Necessary Demon!!!

by Ryton Dzimiri | 20 December 2014 | 2795 Views

Outrage over Zimondi's 18-year jail sentence - The imposition of an 1...

by Court Reporter | 20 December 2014 | 3708 Views

Dabengwa calls Obert Mpofu bare-faced liar

by Staff Reporter | 19 December 2014 | 5060 Views

Mnangagwa threatens merciless crackdown on Mujuru/allies - ACTING Pres...

by Staff Reporter | 19 December 2014 | 5032 Views

Dabengwa joins forces with Mujuru - ZAPU leader Dr Dumiso Dabengwa has...

by Staff Reporter | 19 December 2014 | 6425 Views

Gukurahundi Western Conspiracy, VP P. Mphoko responds

by Vice President Phelekezela Mphoko | 19 December 2014 | 4698 Views

'Zanu-PF won't survive without Mujuru'

by Staff Reporter | 19 December 2014 | 3868 Views

Chinotimba wins human rights award

by Staff Reporter | 19 December 2014 | 1792 Views

Bellevue Spar Operating an illigal extortionous Grocery Credit Scheem

by Byo Resident | 19 December 2014 | 1945 Views

Entertainment

Visually impaired singer gets early Christmas present

by Staff Reporter | 19 December 2014 | 1320 Views

Tuku fails to secure seat on Air Zimbabwe

by Staff Reporter | 19 December 2014 | 2638 Views

Mafikizolo jets into Zimbabwe today

by Brenda Phiri | 19 December 2014 | 1321 Views

Sony cancels US release of movie about plot to kill North Korean leader

by Staff Reporter | 18 December 2014 | 1832 Views

Designer sale off 2014

by Hunnar Agency | 18 December 2014 | 2469 Views

10 Zim designers to feature in iFashion Fest 2014

by Hunnar Management Agency | 18 December 2014 | 2299 Views

Kunonga releases fourth album, Kwedu - AFRO-JAZZ singer Victor Kunong...

by Staff Reporter | 18 December 2014 | 796 Views

Ibumba roars into life with Tuku expected to headline the event - THE ...

by Simbarashe Mutizwa | 16 December 2014 | 1329 Views
iBlog

Positions To Make Female Orgasm Easier During Intercourse

some women are fortunate enough to be able to climax easily, and in almost any sexual position. the majority of women though, sometimes find it difficult to orgasm especially when they are with a partner. sometimes this difficulty is just a result ... Read More
adoniadennis 12 May 2014 ago

Advanced Systemcare Free To Optimize The Os Still Support Xp

the update systemcare free 7.3.0.456 (a set of tools to optimize the operating system) – now available.advanced systemcare is a free package to optimize, tweak, fix bugs and improve the overall performance of the operating system.the program anal... Read More
ITnews 02 June 2014 ago