Business / Companies
ZSE: Market rebounds in midweek trades
24 Apr 2013 at 11:08hrs | Views
ZSE shares see sawed back into the positive territory on Wednesday after gains in selected counters across the board in a session where only 3 counters managed losses.
Econet, which is expected to release February finals in the next one or 2 weeks, continued to falter after losing another 1c to close at 61c, trimming its gains since January to just 35.6%. At 61c Econet is 20.78% down on its all-time high of 77c.
The Industrials Index closed in the green for the first time this week gaining 0.47 points or 0.25% to 188.84 the Minings Index added 0.45 or 0.65% to 69.87 points with Bindura gaining 0.05c or 1.82% to 2.8c. Falgold remained stable at 14c.
Heavyweight retailer OK Zimbabwe advanced 0.51c or 2.76% to 19.01 c. Other heavyweights Delta and Innscor traded unchanged at 126c and 86c each
The total market turnover improved slightly to $928 792 on a volume of 7.878 million shares from yesterday's $830 039 on a volume of 2.289 million shares.
The top gainer on the market was RTG which closed 18.18% higher at 1.30c while TA Holdings added 1.50c or 17.65% to 10c. NicozDiamond gained 0.20c or 15.38% to 1.50c.
TSL and Padenga advanced 1.46c and 0.25c each to 20c and 4.85c respectively. Bankers Barclays closed 2.94% firmer at 3.5c and ABC added 1c or 1.96% to 52c.
African Sun gained 0.03c or 2% to 1.53c while cement manufacturer PPC advanced 3c to 213c. Afre recorded a marginal increase of 0.06c or 0.54% to 11.1c.
CFI closed buyers only at 5c amid reports that the agricultural concern is set to lose 1 057 hectares of its land to government which has gazetted the piece of land situated in Saturday Retreat Estate south of a capital.
Clothing retailer Truworths led the top fallers shedding 0.50c or 9.09% to 5c while Art eased 0.05c or 7.69% to 0.6c.
The Datvest All Share Index recovered 0.17 points or 0.13% to 128.11 while losses in Econet cancelled out gains in OK Zimbabwe resulting in the blue chips measure, the FBC ZSE-10 Index losing 0.20% to 133.58.
Gains in tourism counters African Sun and RTG helped the Tourism Index to jump 12.05% to 21.60 but remains down 27.56% on a year to date basis.
Econet, which is expected to release February finals in the next one or 2 weeks, continued to falter after losing another 1c to close at 61c, trimming its gains since January to just 35.6%. At 61c Econet is 20.78% down on its all-time high of 77c.
The Industrials Index closed in the green for the first time this week gaining 0.47 points or 0.25% to 188.84 the Minings Index added 0.45 or 0.65% to 69.87 points with Bindura gaining 0.05c or 1.82% to 2.8c. Falgold remained stable at 14c.
Heavyweight retailer OK Zimbabwe advanced 0.51c or 2.76% to 19.01 c. Other heavyweights Delta and Innscor traded unchanged at 126c and 86c each
The total market turnover improved slightly to $928 792 on a volume of 7.878 million shares from yesterday's $830 039 on a volume of 2.289 million shares.
The top gainer on the market was RTG which closed 18.18% higher at 1.30c while TA Holdings added 1.50c or 17.65% to 10c. NicozDiamond gained 0.20c or 15.38% to 1.50c.
African Sun gained 0.03c or 2% to 1.53c while cement manufacturer PPC advanced 3c to 213c. Afre recorded a marginal increase of 0.06c or 0.54% to 11.1c.
CFI closed buyers only at 5c amid reports that the agricultural concern is set to lose 1 057 hectares of its land to government which has gazetted the piece of land situated in Saturday Retreat Estate south of a capital.
Clothing retailer Truworths led the top fallers shedding 0.50c or 9.09% to 5c while Art eased 0.05c or 7.69% to 0.6c.
The Datvest All Share Index recovered 0.17 points or 0.13% to 128.11 while losses in Econet cancelled out gains in OK Zimbabwe resulting in the blue chips measure, the FBC ZSE-10 Index losing 0.20% to 133.58.
Gains in tourism counters African Sun and RTG helped the Tourism Index to jump 12.05% to 21.60 but remains down 27.56% on a year to date basis.
Source - zfn
