Business / Companies
ZSE: Industrials continues to lose ground ahead of half year end
27 Jun 2013 at 12:27hrs | Views
ZSE's Industrials slumped to their seventh consecutive loss on Thursday as Delta shares plummeted again amid selling pressure with just one trading session left in the first half of 2013.
The Industrials Index eased 1.86 or 0.87% to 212.57 points after blue chip counter Delta traded on the downside while Econet and Hippo traded unchanged.
Delta eased 3c or 2.05% to 143c and remained sellers at the same price with no buyers in sight.
Other heavyweights Econet and Hippo closed unchanged at 64c and 115c while OK Zimbabwe closed buyers only at 22c ahead of its final dividend of 0.60c record date tomorrow.
Innscor traded in the green recovering 0.50c to 91c while its associates Natfoods and Colcom (one of the top 5 risers) gained 5c and 1.01c each to 245c and 31.01c respectively.
The Minings Index remained stable at 73.29 points with Bindura trading unchanged at 2.75 and with no activity in other counters.
Daily turnover closed below the $1 million level again dropping to $721 991 on a volume of 2.768 million shares against yesterday's $953 935 on a volume of 3.025 million shares.
The top 5 risers were led by Star Africa adding 0.10c or 7.14% to 1.50c while TSL gained 1.50c or 5.88% to 27c.
Padenga remained in favour after advancing 0.20c or 3.03% to 6.80c while cigarette manufacturer BAT scaled new heights after adding a massive 54c to 985c, another record level.
CBZ added 0.10c or 0.74% to 13.6c and Meikles gained 0.70c or 2.24% to 32c.
Barclays led the top fallers shedding 1c or 16.67% to 5c group chief executive George Guvamatanga told the AGM yesterday that the firm wil continue to grow its quality loan book in the second half of the year.
Dawn closed 8.18% weaker at 1.01c while Afre and Aico Africa dropped 1.10c and 0.50c each to 14.9c and 7c respectively. ZHL eased 0.10c or 7.14% to 1.30c.
DZLH, Fidelity Life and NTS dropped 1.50c, 0.50c and 0.10c each to25c, 13c and 2c respectively. Pearl Properties traded 5.98% lower while SeedCo recorded a 0.50% decrease of 0.40c to 80c.
African Sun remained stable at 2c after group chief executive Shingi Munyeza yesterday projected a full year EBIDTA margin of at least 12% and revenue growth of approximately 8% in the financial year 2013.
Bankers, NMB closed buyers and sellers only at 8.5c and 9c after receiving exchange control approval from the RBZ for its $14.8 million investment deal entered into with 3 foreign investors.
The Datvest All Share Index extended losses after dropping 1.17 points or 0.82% to 142.51 while the FBC ZSE-10 Index was 0.45% weaker at 147.12.
The Conglomerates Index was the only sector to record gains on the Zfn board following gains in Innscor, Meikles, Star Africa and TSL.
The Industrials Index eased 1.86 or 0.87% to 212.57 points after blue chip counter Delta traded on the downside while Econet and Hippo traded unchanged.
Delta eased 3c or 2.05% to 143c and remained sellers at the same price with no buyers in sight.
Other heavyweights Econet and Hippo closed unchanged at 64c and 115c while OK Zimbabwe closed buyers only at 22c ahead of its final dividend of 0.60c record date tomorrow.
Innscor traded in the green recovering 0.50c to 91c while its associates Natfoods and Colcom (one of the top 5 risers) gained 5c and 1.01c each to 245c and 31.01c respectively.
The Minings Index remained stable at 73.29 points with Bindura trading unchanged at 2.75 and with no activity in other counters.
Daily turnover closed below the $1 million level again dropping to $721 991 on a volume of 2.768 million shares against yesterday's $953 935 on a volume of 3.025 million shares.
The top 5 risers were led by Star Africa adding 0.10c or 7.14% to 1.50c while TSL gained 1.50c or 5.88% to 27c.
CBZ added 0.10c or 0.74% to 13.6c and Meikles gained 0.70c or 2.24% to 32c.
Barclays led the top fallers shedding 1c or 16.67% to 5c group chief executive George Guvamatanga told the AGM yesterday that the firm wil continue to grow its quality loan book in the second half of the year.
Dawn closed 8.18% weaker at 1.01c while Afre and Aico Africa dropped 1.10c and 0.50c each to 14.9c and 7c respectively. ZHL eased 0.10c or 7.14% to 1.30c.
DZLH, Fidelity Life and NTS dropped 1.50c, 0.50c and 0.10c each to25c, 13c and 2c respectively. Pearl Properties traded 5.98% lower while SeedCo recorded a 0.50% decrease of 0.40c to 80c.
African Sun remained stable at 2c after group chief executive Shingi Munyeza yesterday projected a full year EBIDTA margin of at least 12% and revenue growth of approximately 8% in the financial year 2013.
Bankers, NMB closed buyers and sellers only at 8.5c and 9c after receiving exchange control approval from the RBZ for its $14.8 million investment deal entered into with 3 foreign investors.
The Datvest All Share Index extended losses after dropping 1.17 points or 0.82% to 142.51 while the FBC ZSE-10 Index was 0.45% weaker at 147.12.
The Conglomerates Index was the only sector to record gains on the Zfn board following gains in Innscor, Meikles, Star Africa and TSL.
Source - zfn
