Business / Companies
ZSE: Industrials rebounds but closed off its all-time high
14 May 2013 at 08:26hrs | Views
The market's mainstream Industrials rebounded on Tuesday, buoyed by gains in selected heavyweights, to dose at 204.72 but remained off its all-time high of 204.74 reached last Friday.
The Industrials Index gained a marginal 0.11 or 0.05% to 204.72 points on the back of gains heavyweight counters BAT, Hippo and Natfoods.
BAT added 40c to another all-time best level of 800c taking its gains since January to 122.2% and its market cap rose to $165.1 million.
Innscor remained stable at 93c whilst its subsidiary Natfoods recorded a 4% increase of 10c to another new high of 260c. Natfoods share price has done 97% this year to date and 182.6% on a year earlier.
Delta dropped a marginal 0.01c or 0.01 % to 135.99c ahead of the group's finals and analysts briefing tomorrow. Another blue chip Econet traded in the red after easing 2.04c or 2.83% to 69.96c. OK Zimbabwe closed unchanged at 25c.
The Minings Index remained stable at 73.24 points as Bindura traded unchanged at 3c.
RioZim closed buyers and sellers only at 47c and 50c respectively after reports that the mining group says it is carrying out a due diligence exercise to produce an initial 150 megawatts at its Sengwa thermal power station project
Total market turnover dropped to $726 226 from yesterday's $1.970 million. Volumes also eased to 4.92 million shares from 10.72 million shares.
The top riser on the day was clothing retailer Truworths advancing 0.99c or 24.69% to 5c. PPC closed 17.39% firmer at 270c while heavyweight Hippo gained 12c or 12% to 112c.
TA Holdings added 0.50c or 5.56% to 9.5c while Masimba advanced 6% to 5.3c, its best level in 52 weeks while its share price is now 76.7% up since January.
Pearl Properties gained 0.15c or 4.84% to 325c and SeedCo closed 1.43% higher at 71c. Padenga added 0.05c to 4.9c while Meikles and ZPI recorded marginal increases of 0.40% and 0.72% each to 25.1c and 1.4c respectively.
Art led the top losers on the market shedding 0.05c or 7.69% to 0.6c while CFI eased 0.20c or 3.85% to 5c.
Afre dosed buyers only at 11c ahead of the firm's AGM on June 4 were directors will be seeking shareholder approval to change its name to First Mutual Holdings Limited in a bid to increase its brand visiblity.
Star Africa dosed sellers only at 1.8c after announcing the convening of lenders and creditors meeting on Wednesday June 5 to approve the disposal of investments in an associate company.
On the Zfn board the benchmark Datvest All Share Index was back in the positive territory after rising 0.34% to 139.58 while the blue chips measure, the FBC ZSE-10 Index was 0.14% firmer at 148.22.
Gains in agro-based counters Hippo, Padenga and SeedCo helped the Agro-Industrial Index to rise by 5.37% to 76.59 but remains 0.72% lower since January.
PPC's 17.39% rise also helped the Dual Listed Index to gain 6.71 points or 3.63% to 191.42.
The Industrials Index gained a marginal 0.11 or 0.05% to 204.72 points on the back of gains heavyweight counters BAT, Hippo and Natfoods.
BAT added 40c to another all-time best level of 800c taking its gains since January to 122.2% and its market cap rose to $165.1 million.
Innscor remained stable at 93c whilst its subsidiary Natfoods recorded a 4% increase of 10c to another new high of 260c. Natfoods share price has done 97% this year to date and 182.6% on a year earlier.
Delta dropped a marginal 0.01c or 0.01 % to 135.99c ahead of the group's finals and analysts briefing tomorrow. Another blue chip Econet traded in the red after easing 2.04c or 2.83% to 69.96c. OK Zimbabwe closed unchanged at 25c.
The Minings Index remained stable at 73.24 points as Bindura traded unchanged at 3c.
RioZim closed buyers and sellers only at 47c and 50c respectively after reports that the mining group says it is carrying out a due diligence exercise to produce an initial 150 megawatts at its Sengwa thermal power station project
Total market turnover dropped to $726 226 from yesterday's $1.970 million. Volumes also eased to 4.92 million shares from 10.72 million shares.
TA Holdings added 0.50c or 5.56% to 9.5c while Masimba advanced 6% to 5.3c, its best level in 52 weeks while its share price is now 76.7% up since January.
Pearl Properties gained 0.15c or 4.84% to 325c and SeedCo closed 1.43% higher at 71c. Padenga added 0.05c to 4.9c while Meikles and ZPI recorded marginal increases of 0.40% and 0.72% each to 25.1c and 1.4c respectively.
Art led the top losers on the market shedding 0.05c or 7.69% to 0.6c while CFI eased 0.20c or 3.85% to 5c.
Afre dosed buyers only at 11c ahead of the firm's AGM on June 4 were directors will be seeking shareholder approval to change its name to First Mutual Holdings Limited in a bid to increase its brand visiblity.
Star Africa dosed sellers only at 1.8c after announcing the convening of lenders and creditors meeting on Wednesday June 5 to approve the disposal of investments in an associate company.
On the Zfn board the benchmark Datvest All Share Index was back in the positive territory after rising 0.34% to 139.58 while the blue chips measure, the FBC ZSE-10 Index was 0.14% firmer at 148.22.
Gains in agro-based counters Hippo, Padenga and SeedCo helped the Agro-Industrial Index to rise by 5.37% to 76.59 but remains 0.72% lower since January.
PPC's 17.39% rise also helped the Dual Listed Index to gain 6.71 points or 3.63% to 191.42.
Source - zfn
