Business / Companies
ZSE's Industrials extends gains in pre-election trades
29 Jul 2013 at 12:35hrs | Views
ZSE's Industrials extended their gains to another uncharted territory on Monday in pre-election trading with just a day to go before the 2013 harmonised elections.
The Industrials Index gained 1.39 points or 0.60% to 232.14 points with gains in heavyweight counters Delta, Econet and OK Zimbabwe.
Blue chip Delta gained 3c or 2.04% to 150c while telecoms giant Econet added 1c or 1.49% to 68c and OK Zimbabwe advanced 0.10c or 0.36% to 28.1 c.
Innscor led the top fallers shedding 5c or 4.35% to 110c as only two counters traded on the negative.
The Minings Index however eased 0.09 points or 0.14% to 65.46 points as Bindura eased 0.01c or 0.41% to 2.44c, closing as one of the two fallers on the day.
Hwange closed buyers only at 17.5c h the wake of reports that the colliery company will next month commission equipment worth $32 million secured from China as it angles to increase production.
Daly market turnover improved to $1,464 million on a volume of 4.352million shares against last Friday's $876 436 on a volume of 15.694million shares.
RTG led the top risers, advancing 0.20c or 13.33% to 1.7c while Masimba added 0.75c or 6.25% to 12.74c. Pearl Properties gained 0.10c or 3.33% to 3.1c and dual listed Old Mutual was 6.10c firmer at 236.1c.
Other notable risers across the board were retail counter Truworths which added 0.09c or 2.56% to 3.6c while cigarette manufacturer BAT added a significant 23c to 1425c.
CFI was stable at 6c as the shareholders approved the selling of 49% of its shareholding in Victoria Foods to South Africa's Grindrod Trading which is a subsidiary of JSE-listed Grindrod Limited at an EGM held on Friday.
Fidelity closed 12.5c buyers and 14c sellers amid reports that the firm has concluded a partnership agreement with a short-term insurance company in South Sudan, Sudan Insurance Company, that is expected to benefit the two entities.
The Datvest All Share Index was 0.65% firmer at 154.72 while the FBC ZSE-10 Index advanced 1.15 points or 0.72% to 160.10 taking its gains in the year to90.30%.
Losses in Innscor dragged the Conglomerates Index 3.03 points or 3.22% lower at 90.96.
The Industrials Index gained 1.39 points or 0.60% to 232.14 points with gains in heavyweight counters Delta, Econet and OK Zimbabwe.
Blue chip Delta gained 3c or 2.04% to 150c while telecoms giant Econet added 1c or 1.49% to 68c and OK Zimbabwe advanced 0.10c or 0.36% to 28.1 c.
Innscor led the top fallers shedding 5c or 4.35% to 110c as only two counters traded on the negative.
The Minings Index however eased 0.09 points or 0.14% to 65.46 points as Bindura eased 0.01c or 0.41% to 2.44c, closing as one of the two fallers on the day.
Hwange closed buyers only at 17.5c h the wake of reports that the colliery company will next month commission equipment worth $32 million secured from China as it angles to increase production.
Daly market turnover improved to $1,464 million on a volume of 4.352million shares against last Friday's $876 436 on a volume of 15.694million shares.
RTG led the top risers, advancing 0.20c or 13.33% to 1.7c while Masimba added 0.75c or 6.25% to 12.74c. Pearl Properties gained 0.10c or 3.33% to 3.1c and dual listed Old Mutual was 6.10c firmer at 236.1c.
Other notable risers across the board were retail counter Truworths which added 0.09c or 2.56% to 3.6c while cigarette manufacturer BAT added a significant 23c to 1425c.
CFI was stable at 6c as the shareholders approved the selling of 49% of its shareholding in Victoria Foods to South Africa's Grindrod Trading which is a subsidiary of JSE-listed Grindrod Limited at an EGM held on Friday.
Fidelity closed 12.5c buyers and 14c sellers amid reports that the firm has concluded a partnership agreement with a short-term insurance company in South Sudan, Sudan Insurance Company, that is expected to benefit the two entities.
The Datvest All Share Index was 0.65% firmer at 154.72 while the FBC ZSE-10 Index advanced 1.15 points or 0.72% to 160.10 taking its gains in the year to90.30%.
Losses in Innscor dragged the Conglomerates Index 3.03 points or 3.22% lower at 90.96.
Source - zfn
