Business / Companies
ZSE Market Report:- Blue chips bolster Industrials' 9th consecutive day uptrend
15 Jan 2013 at 12:48hrs | Views
ZSE's heavily capitalised counters continued to attract investors on Tuesday bolstering Industrials' upward trend for the past 9 days while Mining remained flat.
The Industrials Index extended gains adding 0.66c points or 0.41% to 160.65 while the Minings Index remained stable at 72.25.
Volumes were largely unchanged from yesterday with total market turnover coming in at $1.710 million on a volume of 7.542 million shares.
Meikles led the risers on the day after picking up 2.99c to 24c taking its gains since January 1 to 60%. This comes after media hype that the conglomerate had partnered ZMDC in mining diamonds in Chiadzwa, claims the government's mining corporation has refuted.
Innscor maintained its upward trend, adding another 0.81c to 77.01c as buyers shrugged off reports that government has given the food giant a 7-day ultimatum to submit a comprehensive indigenisation implementation plan.
Econet added 5.11c to 485.11c on news that the group had recorded 8 million subscribers for the first time while demand for its lines had remained "very strong."
Retailer OK Zimbabwe was 0.25c firmer at 15.85c its best level to date while dual listed Old Mutual added 0.09c to 165.1c.
Art, currently trading under cautionary statement, added 0.05c to 0.45c whilst cement maker, Lafarge was 5c firmer at 60c. Pearl Properties remained stable at 2.55c in deals worth a significant $111 563.
Interfresh remained buyers only at 0.15c after announcing that part of its Mazoe Citrus Estates measuring l 599.7 hectares had been allocated to another party by the government.
On the downside DZLH eased 0.25c to 23c on another significant volume of shares worth about $259 687 while the seed company, SeedCo was 3c weaker at 74c.
Zimplow eased 0.10c to 5.5c while Tractive was 0.40c weaker at 9.6c as Zimplow shareholders were meeting in Bulawayo to approve the acquisition of balance of Tractive's shareholding.
All the key indices on the Zfn board remained in the positive territory with the Datvest while the FBC ZSE-10 Index advanced 0.29% to 108.43.
The Industrials Index extended gains adding 0.66c points or 0.41% to 160.65 while the Minings Index remained stable at 72.25.
Volumes were largely unchanged from yesterday with total market turnover coming in at $1.710 million on a volume of 7.542 million shares.
Meikles led the risers on the day after picking up 2.99c to 24c taking its gains since January 1 to 60%. This comes after media hype that the conglomerate had partnered ZMDC in mining diamonds in Chiadzwa, claims the government's mining corporation has refuted.
Innscor maintained its upward trend, adding another 0.81c to 77.01c as buyers shrugged off reports that government has given the food giant a 7-day ultimatum to submit a comprehensive indigenisation implementation plan.
Econet added 5.11c to 485.11c on news that the group had recorded 8 million subscribers for the first time while demand for its lines had remained "very strong."
Retailer OK Zimbabwe was 0.25c firmer at 15.85c its best level to date while dual listed Old Mutual added 0.09c to 165.1c.
Art, currently trading under cautionary statement, added 0.05c to 0.45c whilst cement maker, Lafarge was 5c firmer at 60c. Pearl Properties remained stable at 2.55c in deals worth a significant $111 563.
Interfresh remained buyers only at 0.15c after announcing that part of its Mazoe Citrus Estates measuring l 599.7 hectares had been allocated to another party by the government.
On the downside DZLH eased 0.25c to 23c on another significant volume of shares worth about $259 687 while the seed company, SeedCo was 3c weaker at 74c.
Zimplow eased 0.10c to 5.5c while Tractive was 0.40c weaker at 9.6c as Zimplow shareholders were meeting in Bulawayo to approve the acquisition of balance of Tractive's shareholding.
All the key indices on the Zfn board remained in the positive territory with the Datvest while the FBC ZSE-10 Index advanced 0.29% to 108.43.
Source - zfn
