Breaking News

ZSE:- Industrials rebounds on gains in Econet

by Business reporter
14 February 2013 | 2838 Views
Industrials rebounded on Thursday largely on gains in telecoms counter Econet as most heavyweights traded unchanged in a session where only 3 counters managed losses.

Daily market turnover improved to $4,408 million buoyed by a special bargain of 500 000 Econet shares pushed through by brokers MMC Capital at 650c.

The Industrials Index recovered 0.36 points or 020% to 182.40 while the Minings Index eased 0.89 points or 1.11% to 7926 as Bindura lost 0.10c to 3a

Econet advanced 8.81c to 650.01 c, its all-time high ahead of its EGM to approve a 10 for 1 share split at the end of this month. In other news Econet recently appointed a South African, Kwanele Ngwenya, as TN Bank CEO.

NMB was 0.05c firmer at 1.2c after CEO James Mushore told analysts that the banking group will raise $50 new lines of credit for deploying in areas such as mining and agriculture after securing $16 million new capital from offshore investors.

RTG led the day's risers after gaining 0.20c to 1.5c amid reports that the group's single largest shareholder Nicholas van Hoogstraten did not back RTG's recent $4.5 million rights offer as he wanted a forensic audit undertaken and criminal proceedings brought against the former board and senior management if they were found guilty.

PPC was 12c firmer at 240c in the wake of reports that the cement manufacturing company is planning to build a $200 million cement plant in Harare that will cater for Zimbabwe and the central Mozambican market.

Clothing retailer Edgars advanced 0.10c to 11.1c while Truworths was 0.26c firmer at 3.51c

On the downside African Sun led the falling counters after dropping 0.15c to 1.25c while Aico Africa was 1c or 10% weaker at 9c.

Heavyweights Delta and Innscor traded unchanged at 122.5c and 92c respectively. DZLH, which has been trading meaningful volumes over the past few weeks, remained unchanged at 27c.




The Datvest All Share Index recovered 029% to 121.91 while the heavyweights measure, the FBC ZSE-10 Index was 0.37% up to 127.07.

Gains in NMB helped the Allied Bank Banking Index to gain 027 points or 0.42% to 64.80 while the Truworths Retail Index was 0.53% firmer at 253.47 on gains in Edgars and Truworths. 

Industrials ZSE

Source: zfn

Are housemaids an evil lot?

Yes
25.87%
No
64.98%
Not sure
9.16%
808

Comments

News Updates

Email:

Latest News

5 breakthrough habits for Lifestyle changes - The beginning of the y...

by Tinei Shamu | 29 January 2015 | 802 Views

ZCTU Reacts to Finance Minister's statements - The Zimbabwe Congress o...

by Mandlenkosi Chinula | 29 January 2015 | 1545 Views

Zimbabwe's political power couples - IT is common to think of politici...

by Andrew Kunambura | 29 January 2015 | 2210 Views

Farmers stage protests at Zanu-PF HQ - Some irate farmers on Wednesday...

by Thomas Chiripasi | 29 January 2015 | 2162 Views

'Why you mustn't marry any Zim woman who is 25 years older' author dre...

by Staff reporter | 29 January 2015 | 6139 Views

Zimbabwean students stranded after failing to get SA permits - Hundred...

by Staff reporter | 29 January 2015 | 3296 Views

Zim govt quizzed on Afcon military deployment

by Staff reporter | 29 January 2015 | 2469 Views

Civil servants strike hangs in balance

by Staff reporter | 29 January 2015 | 1388 Views

Mwonzora engages Chamisa as his lawyer

by Staff reporter | 29 January 2015 | 2944 Views

Grand coalition suffers setback

by Staff reporter | 29 January 2015 | 2253 Views

'Lets confront Zanu-PF dictatorship' - MDC Renewal Team secretary-gene...

by Staff reporter | 29 January 2015 | 1115 Views

'Only imbeciles will believe Mugabe is a goblin'

by Staff reporter | 29 January 2015 | 1526 Views

Mugabe 'unclothed' picture challenged in court

by Staff reporter | 29 January 2015 | 2673 Views

Zanu-PF youths boo Mujuru ally

by Staff reporter | 29 January 2015 | 1641 Views

Grace Mugabe to decide Didymus Mutasa's fate

by Staff reporter | 29 January 2015 | 2115 Views

'Zanu-PF talking nonsense,' says Mutasa

by Staff reporter | 29 January 2015 | 3463 Views

Prophet rapes pregnant client

by Walter Mswazie | 29 January 2015 | 2014 Views

Lightning strikes scare Tsholotsho villagers

by Auxilia Katongomara | 29 January 2015 | 1283 Views

City doctor violates court order, threatens ex-wife

by Emily Mbewe | 29 January 2015 | 1316 Views

Medical doctor fined for shoplifting

by Fungai Lupande | 29 January 2015 | 1543 Views

Man kills pregnant lover, jailed

by Munyaradzi Musiiwa | 29 January 2015 | 1441 Views

Schoolgirl 'killer' arrested

by Auxilia Katongomara | 29 January 2015 | 1664 Views

Biti calls for Arab-Spring protests against Mugabe's Zanu-PF - MDC-REN...

by Staff reporter | 29 January 2015 | 1279 Views

'10% of Zimbabweans mentally ill' - AT least 10% of Zimbabwe's 13 mill...

by Staff reporter | 29 January 2015 | 940 Views

Gukurahundi commemoration group approaches court - BULAWAYO-BASED civi...

by Staff reporter | 29 January 2015 | 789 Views

Cops assault patrons at beer outlets - POLICE in riot gear stormed two...

by Staff reporter | 29 January 2015 | 1058 Views

Bosso takes on Chapungu in a friendly - HIGHLANDERS play Chapungu this...

by Staff reporter | 29 January 2015 | 1007 Views

Outrage over SA xenophobia - The looting of foreign-owned shops in Sow...

by Felex Share | 29 January 2015 | 953 Views

'Cop rapes mentally-ill woman' - A 23-year-old policeman from the Poli...

by Court Reporter | 29 January 2015 | 1048 Views

Entertainment

Mugabe, Mujuru at Harare Gallery

by A.A.V. Amasi | 28 January 2015 | 4680 Views

Prof Jonathan Moyo says 'Zimbabwe to meet digitisation deadline in Jun...

by Farirai Machivenyika | 27 January 2015 | 1837 Views

DJ stabbed by lover - A MATSHOBANE suburb disk jockey (29) got more t...

by Staff reporter | 27 January 2015 | 4118 Views

Bulawayo movie Qiniso out in February - THE much anticipated movie, Qi...

by Showbiz Reporter | 26 January 2015 | 2012 Views

Where is omasiganda music now?

by Fred Zindi | 26 January 2015 | 2055 Views

Ringo billed for pre-Valentines Bash in Bulawayo

by Bongani Ndlovu | 26 January 2015 | 3315 Views

The return of Alick Macheso

by Entertainment Correspondent | 24 January 2015 | 3990 Views

Chigubhu vows to continue cracking people's ribs

by Staff Reporter | 23 January 2015 | 2665 Views
iBlog

Time To Kiss Zimbabwe Goodbye Forever.

By israel dubethings fall apart at zanupf. brother turns against brother, sister betrays sister. the center cannot hold anymore. as the walls of oppression and discrimination collapse, matebeles must make sure that they do not find themselves lost i... Read More
myAfroTube 03 November 2014 ago

The Zero-day Vulnerability Cve-2014-4114 Impacting All Versions Of Microsoft Windows

new microsoft windows zero-day vulnerability - cve-2014-4114on tuesday, october 14, 2014, isight partners - in close collaboration with microsoft - announced the discovery of a zero-day vulnerability impacting all supported versions of microsoft win... Read More
SecNews 16 October 2014 ago