Breaking News

ZSE:- Industrials rebounds on gains in Econet

by Business reporter
14 February 2013 | 2798 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

Is Tsvangirai's BIG TENT leaking?

Yes
21.15%
No
32.69%
Not bothered
46.15%
52

Comments

News Updates

Email:

Latest News

Warriors drop on FIFA rankings - Zimbabwe senior men's national socce...

by Sports reporter | 18 September 2014 | 223 Views

Eyewitness to T.B. Joshua Building Collapse

by Lee Seung | 18 September 2014 | 565 Views

Fletcher Dulini Ncube: Principled and Dependable to the End - 1940 to ...

by Welshman Ncube | 18 September 2014 | 324 Views

Top MDC-T official dies at TB Joshua's collapsed hostel - One of the...

by Staff Reporter | 18 September 2014 | 1709 Views

2 150 Harare Polytechnic students graduate

by Staff Reporter | 18 September 2014 | 715 Views

Mugabe sets Zone Five games in motion

by Staff reporter | 18 September 2014 | 1237 Views

CDC Zimbabwe director to head Ebola response team in Sierra Leone - Th...

by Staff Reporter | 18 September 2014 | 1163 Views

US provides over $300,000 for Elephant and Rhino Conservation in Zimba...

by Staff Reporter | 18 September 2014 | 821 Views

Zanu-PF old madaras outwitted MDC's young people - ZIMBABWE'S economi...

by Wilbert Mukori | 18 September 2014 | 2470 Views

Picture of plane allegedly behind Tb Joshua Church collapse released

by Ihechukwu Njoku - freelance Nigerian journalist | 18 September 2014 | 7314 Views

MDC's Dulini Ncube burial on Saturday - ONE of the MDC founding member...

by Staff reporter | 18 September 2014 | 1429 Views

South African national languishes in Zimbabwe jail - A SOUTH AFRICAN n...

by Staff reporter | 18 September 2014 | 2861 Views

Relatives kill man over food - A 63-YEAR-OLD Gokwe man died after bein...

by Staff reporter | 18 September 2014 | 1621 Views

Cab driver loses fingers in axe attack - A ZVISHAVANE-based cab driver...

by Staff reporter | 18 September 2014 | 1225 Views

Moyo says goodbye to MDC-T - MAKOKOBA legislator Gorden Moyo will offi...

by Staff reporter | 18 September 2014 | 3211 Views

HIV+ students suffer discrimination - Despite years of hard work by go...

by Pamenus Tuso | 18 September 2014 | 1621 Views

Zambian pastors arrive for Harare conference - Two prominent Sadc Pas...

by Own Correspondent | 18 September 2014 | 1421 Views

Stealing farms will not empower society or grow Zimbabwe economy

by Ben Freeth | 18 September 2014 | 2101 Views

'Rapist' claims brother's wife consented and they did it in the bush -...

by Staff reporter | 18 September 2014 | 5320 Views

Emirates offers up to 25% discount to Zimbabwe travellers

by Matthews Estell | 18 September 2014 | 2620 Views

Harare take aim at Bosso - Harare City gaffer Masimba Dinyero is confi...

by Sports reporter | 18 September 2014 | 1730 Views

'Uncircumcised' man lost 6 teeth at circumcision ceremony - AN "uncirc...

by Thandeka Moyo | 18 September 2014 | 3438 Views

Cop assaults, blindfolds kombi driver, causes crash - SEVERAL passenge...

by Oswell Moyo | 18 September 2014 | 3245 Views

Malayitsha in court over $3.6 million mbanje cache

by Mashudu Netsianda | 18 September 2014 | 2071 Views

Military active in regional training activities, says Mnangagwa

by Staff reporter | 18 September 2014 | 1420 Views

'Land invaders criminals,' says Obert Mpofu

by Nduduzo Tshuma | 18 September 2014 | 1833 Views

Headmistress, teachers hide from angry parents

by Patrick Chitumba | 18 September 2014 | 3676 Views

Policeman confiscate gold detectors

by Marvelous Moyo | 18 September 2014 | 2135 Views

Man tries to hang himself, passersby cut the rope

by Mpumelelo Nyoni | 18 September 2014 | 3450 Views

Entertainment

Zuma daughter's new soapie to replace Generations - JOHANNESBURG - Sow...

by Staff reporter | 17 September 2014 | 3775 Views

Afrika Revenge reunites - Award winning duo of Willis "Afrika" Kachamb...

by Sophia Chese | 16 September 2014 | 1975 Views

Usandikanganwe - Lady Bee ft Manhanga

by Staff Reporter | 15 September 2014 | 2530 Views

Generations actors agree to go back to work - The 16 Generations stars...

by City Press | 14 September 2014 | 4456 Views

Bulawayo born singer wows X Factor Judges

by Staff Reporter | 13 September 2014 | 3417 Views

Byo singer wins 80K recording deal, duped by sponsors

by Hangoyapalala waTjibundule | 12 September 2014 | 3548 Views

Axed Generations actor's marriage crumbles - Menzi Ngubane better know...

by Times LIVE | 12 September 2014 | 6900 Views

'Nollyhood' comes to Byo

by Hangoyapalala waTjibundule | 11 September 2014 | 2849 Views
iBlog

Protect Your Greatest Small Business Asset: Time

if your work week is way more than 40 hours, your smartphone is glued to your hand, and your to-do list is multiple pages of overdue tasks—you know how valuable every minute of your time is.your smartphone and tablet make doing business from anyw... Read More
Sergey 05 September 2014 ago

Yet Another Wave Of Digital Destruction Is Coming

Malware fever keeps on raging, taking sophisticated forms to wreak havoc around the worldwide web. even if your system is guarded thoroughly, you are still skating on thin ice, so you should better keep your eyes open and think twice before you make ... Read More
SecNews 02 March 2014 ago