Breaking News

ZSE:- Industrials rebounds on gains in Econet

by Business reporter
14 February 2013 | 2859 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

Does Prophet Magaya's anointing oil work?

Yes
17.11%
No
71.57%
Spiritual matters
11.33%
415

Comments

News Updates

Email:

Latest News

Schweppes Snub Mugabe - The Zanu PF youth league on Saturday expressed...

by Staff Reporter | 01 March 2015 | 621 Views

Caps United beat Bosso in Bob@91 cup - Caps United have stormed into ...

by Staff reporter | 01 March 2015 | 835 Views

Mutasa, Mliswa parliament ruling set for Tuesday - The Speaker of Parl...

by Staff reporter | 01 March 2015 | 673 Views

'Locks and Knives in Yeoville,' dissecting how Zim woman's thighs beca...

by This n That with Maluphosa | 01 March 2015 | 4438 Views

Netone introduces number matching service - NETONE looks set to incre...

by Mafu Sithabile | 01 March 2015 | 1778 Views

Mavambo tells 91-year old Mugabe to step down - Some Zimbabweans say ...

by Gibbs Dube | 01 March 2015 | 2433 Views

Grand coalition needs Mujuru, Tsvangirai to be formidable - ZIMBABWE's...

by Staff reporter | 01 March 2015 | 2264 Views

Zanu-PF youths subjected to humiliating body searches, turned back - A...

by Staff reporter | 01 March 2015 | 2032 Views

Mugabe succession race still wide open - PRESIDENT Robert Mugabe has s...

by Staff reporter | 01 March 2015 | 1607 Views

'Mnangagwa, Mphoko do no inspire confidence' - ZIMBABWE's political an...

by Staff reporter | 01 March 2015 | 968 Views

MDC-T's financial position remains dire - THE Morgan Tsvangirai-led MD...

by Staff reporter | 01 March 2015 | 699 Views

The authenticity of the Bible - FOR one to believe in anything it mean...

by Reverend Paul Bayethe Damasane | 01 March 2015 | 1001 Views

Vintage birthday present for Mugabe

by Vusumuzi Dube | 01 March 2015 | 1949 Views

Minister, government official face jail, says Mugabe - PRESIDENT Mugab...

by Vusumuzi Dube | 01 March 2015 | 1966 Views

Warning to Khaya Moyo - Kikikikikiki! Kikikikikiki! Pardon me dear rea...

by Bishop Lazarus | 01 March 2015 | 2244 Views

The dreams of Tsholotsho Pirates

by Ishemunyoro Chingwere | 01 March 2015 | 1276 Views

Mpopoma teachers open an 'annex school', fleecing students

by Lungile Tshuma and Thulani Ndlovu | 01 March 2015 | 1472 Views

Iyasa, Sandra Ndebele perform at Mugabe's birthday - Videos - The long...

by Staff reporter | 01 March 2015 | 1527 Views

Former Miss Zimbabwe splash love on facebook - FORMER Miss Zimbabwe Lo...

by Mbongeni Msimanga | 01 March 2015 | 1459 Views

Mugabe exposes Mujuru's sangomas and rituals - President Mugabe yester...

by Tendai Mugabe | 01 March 2015 | 968 Views

Woman discovers hubby’s other marriage in court - A DECISION by a Ma...

by Walter Mswazie | 01 March 2015 | 1138 Views

'Include Mugabe's legacy in school syllabi' - Respected educationist P...

by Staff reporter | 01 March 2015 | 510 Views

2 killed, 37 injured on their way to Mugabe's 91st birthday jamboree -...

by Tinomuda Chakanyuka | 01 March 2015 | 887 Views

Bulawayo City Council to retrench - THE Bulawayo City Council has set ...

by Vusumuzi Dube | 01 March 2015 | 843 Views

Mugabe confronts Mutasa over abused funds - Officials involved in corr...

by Levi Mukarati | 01 March 2015 | 970 Views

Entertainment

Popular Zim dancehall chanter arrested for fraud

by Liberty Dube | 27 February 2015 | 2596 Views

Group pens song for Mugabe - A 7-member group from Acturus has release...

by Staff reporter | 21 February 2015 | 1772 Views

Mathias Mhere saga takes new twist - Gift Mahlupeka, who allegedly che...

by Staff reporter | 20 February 2015 | 9962 Views

Mlambos Express Band flies Matabeleland Flag - Mlambos Express Band po...

by Entertainment Reporter | 20 February 2015 | 3178 Views

Will Smith's marriage is pretty much dead - For the past 18 years, Wil...

by BlackAmericaWeb | 19 February 2015 | 6782 Views

Bulawayo musician urges artists to work together

by Staff Reporter | 19 February 2015 | 2587 Views
iBlog

Those Behind Tb Joshua Watch Photo Proof!

when this couple (dave and angie) were indicted of being the masterminds behind tb joshua watch, the blog admins refuted it and denied any sort of connections with the couple, but that’s not what the facts portray as precisely every single one ... Read More
pointblank 13 July 2014 ago

Auslogics Boostspeed 7 - More Powerful And User-friendly Than Ever

Auslogics boostspeed 7 - more powerful and user-friendly than ever!wondering how to fix slow computer performance? experts recommend auslogics boostspeed 7 - the most comprehensive system optimization software! auslogics boostspeed 7 is here!the bran... Read More
ITnews 26 August 2014 ago