Business / Companies
Industrials extends losses at week's opening
24 Jun 2013 at 05:58hrs | Views
Zimbabwe Stock Exchange shares drifted lower on Monday as some investors sought to lock in profits and consolidate from recent gains.
Trading activity was reasonable for the beginning of the week with total transaction value at $1.187 million from 5.414 million shares.
At close, the Industrials Index was down 0.32% to 216.97 while the Minings Index was unchanged at 71.45. The market cap lost 0.33% to $5.515 billion.
There were only three bright spots among the heavyweights; Barclays added 0.29c to 6.5c taking its year to date gain to 150% and its market cap to $139 million. The group is working towards compliance with indigenisation. Old Mutual put on 1c to 236c and TSL put on 1c to 25c.
Elsewhere Innscor lost 1c to 93c and retailer OK was down 1c to 23c. Seedco was 6c lower to 80c in a liquidity induced trade worth only $190 amid rumours the counter will soon trade under a cautionary. Parent Aico, which is still to report its March results was down 0.19c to 7.31c.
Afre was the worst performer losing 1c (or 6.25%) to 15c.
Dawn Properties put on 0.09c to 1.1c in trades worth just over $6 000. The counter, which now has a new CE, has a year to date gain of 57.14%. African Sun, with upcoming results was 0.1c up to 2.3c.
Mash added 0.05c to 2.80c and Zimpapers, which has an AGM this week was up 0.1c to 1.1c in trades worth $550. Zimpapers led the day's risers.
ZBFH which is currently trading under cautionary pending an equity deal with Indian investors added 0.05c to 10.55c.
Zimre was bid and offered at 1.1c and 1.4c, Fidelity was buyers only at 12c and 13.50c in the wake of its AGM trading update where the group said its topline in the five months to May had increased 21% while South Sudan operations will commence in July.
ZPI was bid and offered at 1.1c and 1.45c after the group said its bottom-line in the five months to May was 38% higher than the year ago period.
Meikles was unchanged at 31c after announcing it had set Meikles Centar Mining to explore opportunities in gold, tantalite and iron ore.
Trading activity was reasonable for the beginning of the week with total transaction value at $1.187 million from 5.414 million shares.
At close, the Industrials Index was down 0.32% to 216.97 while the Minings Index was unchanged at 71.45. The market cap lost 0.33% to $5.515 billion.
There were only three bright spots among the heavyweights; Barclays added 0.29c to 6.5c taking its year to date gain to 150% and its market cap to $139 million. The group is working towards compliance with indigenisation. Old Mutual put on 1c to 236c and TSL put on 1c to 25c.
Elsewhere Innscor lost 1c to 93c and retailer OK was down 1c to 23c. Seedco was 6c lower to 80c in a liquidity induced trade worth only $190 amid rumours the counter will soon trade under a cautionary. Parent Aico, which is still to report its March results was down 0.19c to 7.31c.
Afre was the worst performer losing 1c (or 6.25%) to 15c.
Mash added 0.05c to 2.80c and Zimpapers, which has an AGM this week was up 0.1c to 1.1c in trades worth $550. Zimpapers led the day's risers.
ZBFH which is currently trading under cautionary pending an equity deal with Indian investors added 0.05c to 10.55c.
Zimre was bid and offered at 1.1c and 1.4c, Fidelity was buyers only at 12c and 13.50c in the wake of its AGM trading update where the group said its topline in the five months to May had increased 21% while South Sudan operations will commence in July.
ZPI was bid and offered at 1.1c and 1.45c after the group said its bottom-line in the five months to May was 38% higher than the year ago period.
Meikles was unchanged at 31c after announcing it had set Meikles Centar Mining to explore opportunities in gold, tantalite and iron ore.
Source - finx
