Breaking News

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

by Business reporter
08 February 2013 | 3103 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
41.03%
No
53.85%
Not sure
5.13%
117

Comments

News Updates

Email:

Latest News

Joice Mujuru in $4 million chicken scandal

by Staff Reporter | 29 November 2014 | 297 Views

Jabulani Sibanda arrested for undermining Mugabe

by Staff Reporter | 29 November 2014 | 491 Views

Zim's political crisis: Who are the main players? - As the country's v...

by Peta Thornycroft in Harare and Aislinn Laing in Johannesburg | 28 November 2014 | 1343 Views

'Jabulani Sibanda arrested' - Rumour

by Concerned Citizen | 28 November 2014 | 2955 Views

Over 60 killed in Nigerian mosque attack

by Staff Reporter | 28 November 2014 | 1024 Views

Chinamasa's budget grotesque and incomprehensible to the youth of Zimb...

by Caston Matewu, Secretary General MDC UK & Ireland Provincial Youth Assembly | 28 November 2014 | 980 Views

Mthwakazi activists case referred to ConCourt

by Court Reporter | 28 November 2014 | 971 Views

Olivia Muchena, 4 others ousted - The Zanu-PF National Women's League ...

by Staff reporter | 28 November 2014 | 4976 Views

Zimbabwe goes down four nil

by Prosper Tsvanhu | 28 November 2014 | 1375 Views

Mugabe may you please stop harassing innocent MDC-T Cadres - Its very ...

by Prof Richard M Simango | 28 November 2014 | 1938 Views

Stray monkey gets into a house, sleeps in a family bed - BULAWAYO - T...

by Staff reporter | 28 November 2014 | 2349 Views

Another Mujuru daughter in truck scandal - A Harare woman claims she h...

by Staff reporter | 28 November 2014 | 3344 Views

Shock as 'ill' man digs own grave - IN a bizarre incident which has le...

by Staff Reporter | 28 November 2014 | 3950 Views

'We don't owe Tsvangirai an apology' - Mbeki - Two weeks ago, the Mail...

by Thabo Mbeki | 28 November 2014 | 3064 Views

Bid to stop Zanu-PF congress - Some war veterans and youths sympatheti...

by Staff reporter | 28 November 2014 | 7329 Views

'Police BMW cause accident in town' - Photos

by Concerned Citizen | 28 November 2014 | 7480 Views

'Tsvangirai is better than ousted Zanu PF leaders' - HARARE - Zanu PF ...

by Staff Reporter | 28 November 2014 | 3617 Views

MDC-T official dies in bus accident - Shushine Siyamandanda dies ...

by Staff Reporter | 28 November 2014 | 5850 Views

Open letter to Thabo Mbeki on Zimbabwe

by Vincent Musewe | 28 November 2014 | 3627 Views

Purged Zanu-PF leaders can bounce back, analysts - THE ongoing purge o...

by Sports Reporter I Agencies | 28 November 2014 | 4625 Views

Unpaid, hungry man hits boss with a brick

by Staff reporter | 28 November 2014 | 3637 Views

Mugabe 'mutilates' Zanu-PF constitution

by Staff reporter | 28 November 2014 | 2762 Views

Gumbo savages Mugabe

by Staff reporter | 28 November 2014 | 7257 Views

'Chombo rigged central committee nominations' - Mashonaland West Zanu...

by Staff reporter | 28 November 2014 | 2768 Views

Chinamasa chides civil servants

by Staff reporter | 28 November 2014 | 3524 Views

Chinotimba bounces back

by Staff reporter | 28 November 2014 | 5257 Views

Entertainment

Zimbabwe has a good chance at winning BBA Hotshots - As the Big Brothe...

by 360nobs.com | 27 November 2014 | 1891 Views

Ivy Kombo-Kasi graduates with a Masters degree in International Commercial Law

by Jonathan Mbiriyamveka | 26 November 2014 | 4840 Views

Zimbabwean gospel musician goes live in South Africa on Saturday 29 No...

by Staff reporter | 26 November 2014 | 2014 Views

Re-brand ZBC

by Staff reporter | 25 November 2014 | 2521 Views

Express Links Money Transfer and Kenya Airways to Sponsor ZIMAA UK 201...

by Masimba Makasi | 25 November 2014 | 2090 Views

Namibian woman dances to Shona song - Video - ...

by Staff Reporter | 25 November 2014 | 4734 Views

Generations returns

by Staff reporter | 25 November 2014 | 4557 Views
iBlog

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

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