Business / Companies
ZSE shares rebound as heavyweights trade mixed at week's end
12 Apr 2013 at 09:56hrs | Views
ZSE's heavily capitalised counters traded mixed on Friday with gains in Delta, Natfoods and OK Zimbabwe prevailing over losses in Econet and Innscor helping the indices to close in the positive territory.
The Industrials Index recovered 0.29 points or 0.15% to 188.32 while the Minings Index was 0.36 points or 0.55% in the positive at 65.75.
Turnover closed above the psychological $1 million level at $1.610 million on a volume of 9.037 million shares from $913 934 on a volume of 10.99 million shares that traded yesterday.
Weekly turnover improved to $7,706 million on 54.79 million shares from last week's $5,747 million on a total volume of 26.869 million shares.
Delta shares advanced 2c to 125c in deals worth $749 590 and is just shy of its all-time high of 126.01 c reached on January 31 this year.
Telecoms giant Econet, which is due to release its February finals anytime soon, dropped 0.20c to 66.8c in trades worth $568 389.
Innscor was 1 c weaker at 86c while its associate company Natfoods scaled new heights again to close 5c firmer at 220c.
Retailer OK Zimbabwe recovered a modest 0.02c to 18.02c while Edgars snapped its fine run over the past month after losing 1.60c to 12c.
Bankers were largely in the red with Barclays dropping 0.10c to 2.8c amid indigenisatbn pressure from the authorities while CBZ eased 0.49c to 13c.
NMB was the 3rd top riser of the day after adding 1c to 9.01c after sealing the $16.4 million debt-equity deal with 3 foreign investors who have bought a 26.79% stake in the company.
Old Mutual was 3c in the red at 232c while cement manufacturer PPC eased 10c to 210c, trimming its gains since January to just 5%.
Hwange recovered 0.30c to 12.3c after reports that the coal miner had engaged forensic auditors to investigate its costly debt in excess of $30 million.
The Datvest All Share Index rebounded 0.09 points or 0.07% to 128.74 while the FBC ZSE-10 Index was 0.51 or 0.38% firmer at 136.41.
The Industrials Index recovered 0.29 points or 0.15% to 188.32 while the Minings Index was 0.36 points or 0.55% in the positive at 65.75.
Turnover closed above the psychological $1 million level at $1.610 million on a volume of 9.037 million shares from $913 934 on a volume of 10.99 million shares that traded yesterday.
Weekly turnover improved to $7,706 million on 54.79 million shares from last week's $5,747 million on a total volume of 26.869 million shares.
Delta shares advanced 2c to 125c in deals worth $749 590 and is just shy of its all-time high of 126.01 c reached on January 31 this year.
Telecoms giant Econet, which is due to release its February finals anytime soon, dropped 0.20c to 66.8c in trades worth $568 389.
Retailer OK Zimbabwe recovered a modest 0.02c to 18.02c while Edgars snapped its fine run over the past month after losing 1.60c to 12c.
Bankers were largely in the red with Barclays dropping 0.10c to 2.8c amid indigenisatbn pressure from the authorities while CBZ eased 0.49c to 13c.
NMB was the 3rd top riser of the day after adding 1c to 9.01c after sealing the $16.4 million debt-equity deal with 3 foreign investors who have bought a 26.79% stake in the company.
Old Mutual was 3c in the red at 232c while cement manufacturer PPC eased 10c to 210c, trimming its gains since January to just 5%.
Hwange recovered 0.30c to 12.3c after reports that the coal miner had engaged forensic auditors to investigate its costly debt in excess of $30 million.
The Datvest All Share Index rebounded 0.09 points or 0.07% to 128.74 while the FBC ZSE-10 Index was 0.51 or 0.38% firmer at 136.41.
Source - zfn
