Business / Companies
ZSE;- Industrials stays firmer as Minings stutters amid improving activity
09 Apr 2013 at 12:20hrs | Views
ZSE's Industrials looked firmer on Tuesday after 13 counters managed gains against 3 that traded lower as buyers trooped back to the market while overall activity improved with shares worth $3,456 million transacting.
The Industrials Index gained 2.84 points or 1.53% to 189.02 as heavyweight Delta recorded a 4.55% increase at 122.01 and ABC added 5c to 55c, its level at the opening of the year while CBZ added 0.70c to 13.9c. BAT was 5c firmer 730c.
Minings Index dropped 0.82 or 1.23% to close at 65.99 as Falgold led the top falters trading 18.18% lower at 9c. Meanwhile Bindura traded unchanged at 2.8c while RioZim dosed buyers and sellers only at 45c and 50c respectively.
Econet traded unchanged at 68c in deals worth $2,055 million on a volume of 3.022 million shares whilst Innscor also remained stable at 90c. Innscor subsidiary Natfoods continued to run after adding 2c to another all-time high of 210c.
Turnover improved to the best level this month so far of $3,456 million on 19.385 million shares from yesterday's $1.113 million on 6.749 million shares.
Zeco led the top risers adding 0.01 c or 100% to 0.02c, its second trades so far this year.
ZPI recorded a 4.41% increase adding 0.06c to 1.42c in transactions worth $150 277 on a volume of 10.582 million shares. Masimba was 4.94% firmer at 2.76c.
Bankers FBC added 0.20c or 2.56% closing at 8c whilst Afre remained in favour after adding added 2% or 0.20c to 10.2c, its best level in 52 weeks.
Lafarge and Fidelity Life were the other top fallers dropping 10c and 0.50c to 80c and 13c respectively.
Phoenix closed buyers and sellers only at 0.3c and 0.5c after setting its AGM for Tuesday April 30.
Pelhams traded unchanged at 0.08c after publishing a profit warning statement saying results for the year ended 31 March 2013 will be much lower than anticipated and this position is attributed to working capital constraints that the company faced during the financial year.
Zimplow Holdings was 10% weaker dropping 0.50c to 4.5c after CEO Zondi Kumwenda told the AGM last Thursday that the firm will probably achieve an operating profit or at least break-even for the half year.
The Datvest All Share Index was 1.44% firmer at 129.33 while the heavyweights' measure, the FBC ZSE-10 Index advanced 1.91% to 136.92.
The banking sector railed on the day with the Allied Bank Banking Index rising a significant 3.27 points or 4.94% to 69.51.
The Industrials Index gained 2.84 points or 1.53% to 189.02 as heavyweight Delta recorded a 4.55% increase at 122.01 and ABC added 5c to 55c, its level at the opening of the year while CBZ added 0.70c to 13.9c. BAT was 5c firmer 730c.
Minings Index dropped 0.82 or 1.23% to close at 65.99 as Falgold led the top falters trading 18.18% lower at 9c. Meanwhile Bindura traded unchanged at 2.8c while RioZim dosed buyers and sellers only at 45c and 50c respectively.
Econet traded unchanged at 68c in deals worth $2,055 million on a volume of 3.022 million shares whilst Innscor also remained stable at 90c. Innscor subsidiary Natfoods continued to run after adding 2c to another all-time high of 210c.
Turnover improved to the best level this month so far of $3,456 million on 19.385 million shares from yesterday's $1.113 million on 6.749 million shares.
Zeco led the top risers adding 0.01 c or 100% to 0.02c, its second trades so far this year.
ZPI recorded a 4.41% increase adding 0.06c to 1.42c in transactions worth $150 277 on a volume of 10.582 million shares. Masimba was 4.94% firmer at 2.76c.
Bankers FBC added 0.20c or 2.56% closing at 8c whilst Afre remained in favour after adding added 2% or 0.20c to 10.2c, its best level in 52 weeks.
Lafarge and Fidelity Life were the other top fallers dropping 10c and 0.50c to 80c and 13c respectively.
Phoenix closed buyers and sellers only at 0.3c and 0.5c after setting its AGM for Tuesday April 30.
Pelhams traded unchanged at 0.08c after publishing a profit warning statement saying results for the year ended 31 March 2013 will be much lower than anticipated and this position is attributed to working capital constraints that the company faced during the financial year.
Zimplow Holdings was 10% weaker dropping 0.50c to 4.5c after CEO Zondi Kumwenda told the AGM last Thursday that the firm will probably achieve an operating profit or at least break-even for the half year.
The Datvest All Share Index was 1.44% firmer at 129.33 while the heavyweights' measure, the FBC ZSE-10 Index advanced 1.91% to 136.92.
The banking sector railed on the day with the Allied Bank Banking Index rising a significant 3.27 points or 4.94% to 69.51.
Source - zfn
