Business / Companies
ZSE: Industrials lose steam as heavyweights remain weak
19 Mar 2013 at 07:21hrs | Views
ZSE's Industrials remained in the negative territory on Tuesday dragged down largely by losses in Delta, Innscor and Hippo as activity slowed down with just 20 counters recording trades compared with 30 that traded yesterday.
The Industrials Index lost 0.72 points or 0.39% to 185.21 trimming down its gains since January to 21.53% while the Minings Index remained stable at 64.79 as RioZim traded unchanged at 45c.
Daily turnover improved slightly to $1,294 million on a volume of 2.697 million shares from yesterday's $1,286 million on a volume of 2.979 million shares.
Econet advanced 2.01c to 67.11c but failed to cancel out losses in Delta which eased another 0.30c to 122c in trades worth $488 000 and Hippo which dropped 10c weaker at 120c.
Innscor also lost a further 2.90c to 81.09c in deals worth $402 786 ahead of its interim dividend of 0.80c this Friday. Associate company Natfoods was however buoyant after rising 5c to 175c, another record high, ahead of its interim dividend of 3cc record date also on Friday.
Lafarge advanced 6c to 81c after an upbeat trading update by MD Jonathan Shoniwa projecting F13 revenues of $90 million from $70 million in F12.
Masimba was also 0.20c firmer at 2.5c following the positive strategy outline by the management at last week's analysts briefing.
Fidelity Life remained stable at 13c ahead of its finals and analysts briefing this afternoon. DZLH was also unchanged at 29c ahead of its financials presentation to analysts tomorrow afternoon.
FBC closed buyers only at 8c ahead of their December finals presentation tomorrow. Tumall was also bid at 5.5c with no sellers on the board ahead of its finals and analysts briefing at 2pm tomorrow.
TA Holdings topped the day's risers after rebounding 1c to 7c while Meikles lost 1c to 23c as investors await developments regards the group's application to relevant authorities to venture into mining activities.
The Datvest All Share Index scratched out a modest 0.03% rise to 126.48 while the FBC ZSE-10 Index was 0.05% lower at 133.56.
The Industrials Index lost 0.72 points or 0.39% to 185.21 trimming down its gains since January to 21.53% while the Minings Index remained stable at 64.79 as RioZim traded unchanged at 45c.
Daily turnover improved slightly to $1,294 million on a volume of 2.697 million shares from yesterday's $1,286 million on a volume of 2.979 million shares.
Econet advanced 2.01c to 67.11c but failed to cancel out losses in Delta which eased another 0.30c to 122c in trades worth $488 000 and Hippo which dropped 10c weaker at 120c.
Innscor also lost a further 2.90c to 81.09c in deals worth $402 786 ahead of its interim dividend of 0.80c this Friday. Associate company Natfoods was however buoyant after rising 5c to 175c, another record high, ahead of its interim dividend of 3cc record date also on Friday.
Lafarge advanced 6c to 81c after an upbeat trading update by MD Jonathan Shoniwa projecting F13 revenues of $90 million from $70 million in F12.
Masimba was also 0.20c firmer at 2.5c following the positive strategy outline by the management at last week's analysts briefing.
Fidelity Life remained stable at 13c ahead of its finals and analysts briefing this afternoon. DZLH was also unchanged at 29c ahead of its financials presentation to analysts tomorrow afternoon.
FBC closed buyers only at 8c ahead of their December finals presentation tomorrow. Tumall was also bid at 5.5c with no sellers on the board ahead of its finals and analysts briefing at 2pm tomorrow.
TA Holdings topped the day's risers after rebounding 1c to 7c while Meikles lost 1c to 23c as investors await developments regards the group's application to relevant authorities to venture into mining activities.
The Datvest All Share Index scratched out a modest 0.03% rise to 126.48 while the FBC ZSE-10 Index was 0.05% lower at 133.56.
Source - zfn
