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Delta, Barclays help ZSE Industrials firm

by Finx
18 Jun 2013 at 16:29hrs | Views

Delta's marginal recovery helped both stocks and turnover rise on Tuesday as investors continued to pile into one of ZSE's safe haven stocks.
The beverages maker had a 1c rebound to 150c on volume of over 1.33 million shares worth just over $2 million taking its market cap to above $1.8 million. Total transaction value was up to $2.77 million from 9.8 million shares.
At close, the Industrials Index was up 0.2% back to the 220 level at 220.13 while the Minings Index added 0.54% to 72.97 after RioZim added 1c to 50c.
Barclays also mirrored the ZSE performance after gaining 0.71c to 5.01c taking its year to date gain to 92.695. However there were losses elsewhere among the heavyweights with NatFoods leading the fallers following a 14c (or 5.3%) loss to 250c. OK Zimbabwe shed 1c to 24c in the wake of its March full year while Dairibord was down 1c to 29c.
TSL rose 0.5c to 24c in the wake of its half year results where the group reported a 50% increase in operating profit. The counter has now gained 108.70% in the year to date with a market cap of $83.42 million.
PG Industries led the risers gaining 0.2c (or 25%) to 1c, Turnall was up 0.7c to 4.70c and Pearl which recently said it will enter the low cost housing market was up 0.21c to 3.51c.
ZPI pared a marginal 0.05c to 1.1c ahead of its AGM tomorrow.  Fidelity, which has its AGM on Thursday was
ABC was offers only at 55c after reports the group had lodged an appeal at the Supreme Court over the $10 million debt case, which they lost at the same court. 


Source - Finx