Business / Companies
Industrials extends record rise as Innscor shares close above $1
10 Jun 2013 at 10:20hrs | Views
Innscor shares were buoyant at week's opening dosing above a $1 at $1,05 to surpass the $1,03 record reached on February 4 this year as the Industrials extended their record rise closing just shy of the 220.00 mark.
The Industrials Index gained 1.15 points or 0.53% to 219.99 following gains in heavyweight counters Econet and Innscor.
Econet advanced 1c or 1.45% to 70c but is still 9.09% down on its all-time best level of 77c.
Innscor added 5c or 5% to 105c for the first time after announcing a very ambitious production target of 1 million loaves of bread per day as the group commissioned two high technology breadlines at its Graniteside site.
Delta traded unchanged at 155c while OK Zimbabwe eased 1 c or 3.85% to 25c ahead of its finals and analysts briefing on Wednesday.
The Minings Index eased 3 points or4.01% to 71.75 as heavyweight Bindura closed amongst the top losers on the market dropping 0.20c or 6.90% to 2.7c. Hwange also traded in the red shedding 1c or 6.52% to 15c. RioZim traded unchanged at 50c.
Total market turnover dropped to $1,414 million on a volume of 7.214million shares from last Friday's $1,721 million on a volume of 12.175 million shares.
Bankers FBC closed as the top gainer on the day adding 1c or 11.11 % to 10c while Barclays advanced 0.20c or 6.25% to 3.4c. NicozDiamond rose by 0.08c or 5.93% to 1.43c and Zimpapers closed 4.65% firmer at 0.9c.
BAT was 10c or 1.20% firmer at 840c another all-time high and Afre added 0.09c to 14.1 c while Mash traded 0.03c or 1.20% higher at 2.53c.
Art closed as the top faller dropping 0.20c or 28.57% to 0.5c after announcing on Friday that the group's negotiations with a new investor, reportedly South African-based First National Battery had flopped.
RTG was 15.38% weaker at 1.1 c while Turnail dropped 0.50c or 11.11% to 4c. PG Industries eased 0.10c or 10% to 0.9c and Aico Africa traded 4% weaker at 7.2c.
Pearl Properties dropped a marginal 0.03c or 0.87% to 3.4c.
The benchmark Datvest All Share Index advanced 0.76 points or 0.52% to 148.48 while the heavyweights' measure, the FBC ZSE-10 Index was 1.11 points or 0.70% firmer at 158.54.
Losses in OK Zimbabwe dragged the Truworths Retail Index a significant 3.24% down to 334.98 while RTG's 15.38% loss saw the Tourism Index closing almost 10% in the red at 20.68.
The Industrials Index gained 1.15 points or 0.53% to 219.99 following gains in heavyweight counters Econet and Innscor.
Econet advanced 1c or 1.45% to 70c but is still 9.09% down on its all-time best level of 77c.
Innscor added 5c or 5% to 105c for the first time after announcing a very ambitious production target of 1 million loaves of bread per day as the group commissioned two high technology breadlines at its Graniteside site.
Delta traded unchanged at 155c while OK Zimbabwe eased 1 c or 3.85% to 25c ahead of its finals and analysts briefing on Wednesday.
The Minings Index eased 3 points or4.01% to 71.75 as heavyweight Bindura closed amongst the top losers on the market dropping 0.20c or 6.90% to 2.7c. Hwange also traded in the red shedding 1c or 6.52% to 15c. RioZim traded unchanged at 50c.
Total market turnover dropped to $1,414 million on a volume of 7.214million shares from last Friday's $1,721 million on a volume of 12.175 million shares.
BAT was 10c or 1.20% firmer at 840c another all-time high and Afre added 0.09c to 14.1 c while Mash traded 0.03c or 1.20% higher at 2.53c.
Art closed as the top faller dropping 0.20c or 28.57% to 0.5c after announcing on Friday that the group's negotiations with a new investor, reportedly South African-based First National Battery had flopped.
RTG was 15.38% weaker at 1.1 c while Turnail dropped 0.50c or 11.11% to 4c. PG Industries eased 0.10c or 10% to 0.9c and Aico Africa traded 4% weaker at 7.2c.
Pearl Properties dropped a marginal 0.03c or 0.87% to 3.4c.
The benchmark Datvest All Share Index advanced 0.76 points or 0.52% to 148.48 while the heavyweights' measure, the FBC ZSE-10 Index was 1.11 points or 0.70% firmer at 158.54.
Losses in OK Zimbabwe dragged the Truworths Retail Index a significant 3.24% down to 334.98 while RTG's 15.38% loss saw the Tourism Index closing almost 10% in the red at 20.68.
Source - zfn
