Breaking News

ZSE:- Industrials rebounds on gains in Econet

by Business reporter
14 February 2013 | 2865 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 Itai Dzamara eyeing the US Green Card?

Yes
16.46%
No
78.06%
Not sure
5.49%
237

Comments

News Updates

Email:

Latest News

Vic Falls renames streets after Mugabe/Nkomo - The resort town of Vict...

by Staff Reporter | 26 March 2015 | 555 Views

Woman bashes beer loving hubby - A Bulawayo woman set upon her husband...

by Staff Reporter | 26 March 2015 | 614 Views

Suspect sues 'biased' magistrate - In what could be a legal first, a G...

by Staff Reporter | 26 March 2015 | 537 Views

'Leave Grace Alone' - Muchinguri - One of the architects behind the sa...

by Staff Reporter | 26 March 2015 | 1189 Views

Land Rover Debuts 2016 Range Rover Sport With New 280Kw Hst Version

by Tech Reporter | 26 March 2015 | 1605 Views

Mujuru ditched by family lawyer - Dr Joice Mujuru has been ditched by ...

by Staff reporter | 26 March 2015 | 3969 Views

Air Zimbabwe keen to expand routes - Air Zimbabwe said on Thursday it ...

by Staff reporter | 26 March 2015 | 991 Views

Man axed by double crossing girl's uncle - A man who intervened when t...

by Stephen Jakes | 26 March 2015 | 2920 Views

Econet Wireless clamps down on Zimbabwe media freedom? - ZIMBABWE bus...

by Staff reporter | 26 March 2015 | 1995 Views

Mass protests planners threatened - Zanu-PF Secretary for Administrati...

by Staff reporter | 26 March 2015 | 2426 Views

'Mugabe consults witch doctors' - Despite his public statements denigr...

by Staff reporter | 26 March 2015 | 3323 Views

Zim woman killed in drink driving crash in the US - A 26-YEAR-OLD Zimb...

by Staff reporter | 26 March 2015 | 1469 Views

Company director gets 1050 hrs community service for forgery and thef...

by Stephen Jakes | 26 March 2015 | 1379 Views

As the gods speak to MDC-T - Just how long will it take for the MDC-T ...

by Caitlin Kamba | 26 March 2015 | 1411 Views

Zanu PF will rule forever because of MDC's 'detrimental decision' - re...

by Wilbert Mukori | 26 March 2015 | 923 Views

Reuters affiliated media house raided in Zimbabwe - THE Deputy Sheriff...

by Staff Reporter | 26 March 2015 | 963 Views

MDC-T statement on the streamlining of the bloated Civil Service - G...

by Obert Chaurura Gutu | 26 March 2015 | 1525 Views

Confusion reigns in MDC-T - The nation is facing a series of by-electi...

by Tafara Shumba | 26 March 2015 | 1587 Views

Mugabe's foreign trips necessary - It is indeed worrisome that some s...

by Peacemaker Zano | 26 March 2015 | 802 Views

Mysterious fire, 3 days after death of son

by Concerned Citizen | 26 March 2015 | 3856 Views

'Mugabe about to die' - A MAN from Zimunya in Manicaland who allegedly...

by Staff reporter | 26 March 2015 | 8170 Views

Mini-skirt attack: Two men found guilty - Two Harare touts who alleged...

by Thobekile Zhou | 26 March 2015 | 3621 Views

'I'll beat Jonathan Moyo again' - Former Tsholotsho North MP Roselyn N...

by Thobekile Zhou | 26 March 2015 | 3792 Views

Japan award Bulawayo academics scholarships - THREE Bulawayo academics...

by Thobekile Zhou | 26 March 2015 | 1988 Views

Zimbabwe soccer ambassador competition results

by Staff reporter | 26 March 2015 | 2616 Views

Sharon Macheso, Kuda in secret meetings to mend things? - NEARLY five ...

by Nyasha Kada | 26 March 2015 | 3815 Views

8 Dembare players attached over club debt? - DYNAMOS officials were ye...

by Mugove Chigada | 26 March 2015 | 3475 Views

Bosso takes on Iziqholo zeZhwane this Sunday - Castle Lager Premier So...

by Sports reporter | 26 March 2015 | 2694 Views

Entertainment

Mutodi praises Mnangagwa in new song - Flamboyant sungura musician-cu...

by Staff reporter | 26 March 2015 | 1198 Views

Tuku teams up with Bra Hugh for Cape Town Jazz Festival - The 16th Cap...

by Arts reporter | 26 March 2015 | 440 Views

ZimOnline Radio sponsoring the ZimCup Clash trophies - ZimOnline Radio...

by Staff Reporter | 25 March 2015 | 940 Views

Kwaito legend dies

by Staff reporter | 25 March 2015 | 5630 Views

DJ Sbu in Forbes cover scandal

by Staff reporter | 23 March 2015 | 4954 Views

DStv to cut off SA subscriptions - Multichoice intends to cut off Digi...

by Staff reporter | 23 March 2015 | 8298 Views

Film, TV and Radio Drama Script Writing and Pitching Workshop in Byo -...

by Bongani Ncube | 21 March 2015 | 3811 Views

Wrangle over Chimbetu estate - Dendera musician Allan Chimbetu is unde...

by Godwin Muzari | 20 March 2015 | 3370 Views
iBlog

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

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