Business / Companies
Industrials bounces back as buyers resurface in selected counters
04 Jun 2013 at 11:47hrs | Views
Industrials recovered on Tuesday from yesterday's losses largely on gains in Delta and Innscor as reasonable buyers resurfaced in some counters.
The Industrials Index recovered 1.49 points or 0.71% to 212.82, another all-time high, taking its gains in the year to 39.65%.
Delta shares added 4.10c to another all-time high of 150.11c in deals worth $317 670 and this takes its market cap to $1,842 billion.
Innscor recovered 2.20c to 92.2c after buyers challenged a bookover worth $134 486 at 91c all the way to 92.2c. However, Innscor is still 10.68% from its all-time high of 103c.
Econet was stable at 68c in deals worth a significant $683 601 with buyers still looking at the same price while sellers were stuck at 74c.
FBC was in favour after adding 0.49c to 8.49c with sellers asking for 10c while Barclays added 0.10c to 3.2c.
Masimba continued to run after adding another 0.40c to 9.4c taking its gains in the year to 213.3% while conglomerate Meikles added 1.51c to 29.01c, its best level in 52 weeks.
Old Mutual was 0.21c firmer at 240.21c while SeedCo picked up 3.01c to 75.01c. Art topped the risers on the day after adding 0.05c to 0.65c.
Heavyweight counters to trade lower were Hippo which lost 13c or 11.50% to 100c in the wake of its March finals where gross profit declined to $74 million from $84 million due to an increase in costs and lower cane deliveries while OK Zimbabwe eased 1c to 26c ahead of its finals and analysts briefing next week.
ZPI led the fallers after dropping 025c to 1.15c while cement manufacturer PPC was 25c weaker at 250c. PG Industries and Zimpapers were down 0.10c and 0.04c each at 0.7c and 0.86c respectively.
The Minings Index closed in the red after dropping 2.04 points or 2.74% to 72.30 as Hwange closed 1c weaker at 14c.
The daily market turnover improved to $1,377 million in 4.004 million shares from yesterday's $708 353 on a volume of 3.681 million shares.
The Datvest All Share Index recovered 0.72 points or 0.50% to 143.88 while the FBC ZSE-10 Index added 1.03 points or 0.68% to 152.92 buoyed by gains in Econet and Innscor.
Other indices on the Zfn board closed largely mixed with the Agri-Industrial Index closing 3.86% in the red at 73.80 while the Conglomerates Index was 2.40% firmer at 75.39. Losses in OK Zimbabwe dragged the Truworths Retail Index 3.13% down to 346.63.
The Industrials Index recovered 1.49 points or 0.71% to 212.82, another all-time high, taking its gains in the year to 39.65%.
Delta shares added 4.10c to another all-time high of 150.11c in deals worth $317 670 and this takes its market cap to $1,842 billion.
Innscor recovered 2.20c to 92.2c after buyers challenged a bookover worth $134 486 at 91c all the way to 92.2c. However, Innscor is still 10.68% from its all-time high of 103c.
Econet was stable at 68c in deals worth a significant $683 601 with buyers still looking at the same price while sellers were stuck at 74c.
FBC was in favour after adding 0.49c to 8.49c with sellers asking for 10c while Barclays added 0.10c to 3.2c.
Masimba continued to run after adding another 0.40c to 9.4c taking its gains in the year to 213.3% while conglomerate Meikles added 1.51c to 29.01c, its best level in 52 weeks.
Heavyweight counters to trade lower were Hippo which lost 13c or 11.50% to 100c in the wake of its March finals where gross profit declined to $74 million from $84 million due to an increase in costs and lower cane deliveries while OK Zimbabwe eased 1c to 26c ahead of its finals and analysts briefing next week.
ZPI led the fallers after dropping 025c to 1.15c while cement manufacturer PPC was 25c weaker at 250c. PG Industries and Zimpapers were down 0.10c and 0.04c each at 0.7c and 0.86c respectively.
The Minings Index closed in the red after dropping 2.04 points or 2.74% to 72.30 as Hwange closed 1c weaker at 14c.
The daily market turnover improved to $1,377 million in 4.004 million shares from yesterday's $708 353 on a volume of 3.681 million shares.
The Datvest All Share Index recovered 0.72 points or 0.50% to 143.88 while the FBC ZSE-10 Index added 1.03 points or 0.68% to 152.92 buoyed by gains in Econet and Innscor.
Other indices on the Zfn board closed largely mixed with the Agri-Industrial Index closing 3.86% in the red at 73.80 while the Conglomerates Index was 2.40% firmer at 75.39. Losses in OK Zimbabwe dragged the Truworths Retail Index 3.13% down to 346.63.
Source - zfn
