Business / Companies
ZSE: Econet, Innscor drag Industrials lower at week's opening
03 Jun 2013 at 10:59hrs | Views
Industrials opened the first trading session of June in the red after heavyweights Econet and Innscor, the only counters to trade lower, managed to cancel out gains in 5 other counters.
The Industrials Index eased 0.78 points or 0.37% to 211.60 points with the only losers on the market Econet and Innscor shedding 2c each to 68c and 90c respectively.
Trading was however hushed with only 17 counters recording trades as it is almost certain that elections will be held by July 31 in compliance with last Friday's Constitutional Court ruling.
Heavyweights Delta and OK Zimbabwe traded unchanged at 146.01c and 27c each.
The Minings Index gained 0.36 points or 0.49% to 74.35 points as Bindura closed as one of the top 5 risers on the market adding 0.04c or 1.40% to 2.9c while RioZim remained stable at 50c.
Daily market turnover dropped to $708 353 on a volume of 3.681 million shares against Friday's $2.108 million on a volume of 5.712 million shares.
Top riser on the day was Willdale advancing 0.05c or 38.46% to 0.18c. Zimpapers closed 12.50% firmer at 0.9c while African Sun gained 0.02c or 1.09% to 1.86c.
Afre dosed 0.50c or 4% higher at 13c ahead of its AGM tomorrow.
The Datvest All Share Index dropped 0.94 points or 0.65% to 143.16 while the heavyweights' measure, the FBC ZSE-10 Index was 1.42 points or 0.92% weaker at 151.89.
The Insurance Index was the best performing sector on the day after adding 3.11 points or 2.43% to 131.34 on the back of Afre's 4% rise to 13c.
The Industrials Index eased 0.78 points or 0.37% to 211.60 points with the only losers on the market Econet and Innscor shedding 2c each to 68c and 90c respectively.
Trading was however hushed with only 17 counters recording trades as it is almost certain that elections will be held by July 31 in compliance with last Friday's Constitutional Court ruling.
Heavyweights Delta and OK Zimbabwe traded unchanged at 146.01c and 27c each.
The Minings Index gained 0.36 points or 0.49% to 74.35 points as Bindura closed as one of the top 5 risers on the market adding 0.04c or 1.40% to 2.9c while RioZim remained stable at 50c.
Top riser on the day was Willdale advancing 0.05c or 38.46% to 0.18c. Zimpapers closed 12.50% firmer at 0.9c while African Sun gained 0.02c or 1.09% to 1.86c.
Afre dosed 0.50c or 4% higher at 13c ahead of its AGM tomorrow.
The Datvest All Share Index dropped 0.94 points or 0.65% to 143.16 while the heavyweights' measure, the FBC ZSE-10 Index was 1.42 points or 0.92% weaker at 151.89.
The Insurance Index was the best performing sector on the day after adding 3.11 points or 2.43% to 131.34 on the back of Afre's 4% rise to 13c.
Source - zfn
