Business / Companies
ZSE:- Industrials rises to another record level in post election trades
01 Aug 2013 at 05:42hrs | Views
ZSE's Industrials continued to rise to record levels on Thursday in a rather quiet post election trading session where only 4 counters managed gains while only one ended in the red out of the 22 counters that traded.
The Industrials Index gained 0.31 or 0.13% to 233.18 points with heavyweight counters Delta, Econet OK Zimbabwe and Innscor trading unchanged at 150c, 68c, 30c and 105c respectively.
The Minings Index also dosed unchanged at 66.77 points as there were no trades recorded in the Minings counters.
Bindura closed sellers only at 2.6c after reports that the nickel-miner warned of potential material uncertainty on its status as a going concern if it fails to obtain short-term bridging finance and execute a revised mining plan.
Hwange closed buyers only at 17.5c amid reports that the colliery company's bid to bar its business partner, a Chinese-owned firm, Hwange Coal Gasification Company, from selling coal stocks and coking oven battery hit a snag recently after High Court judge Justice Joseph Mafusire dismissed the application.
Daily market turnover slightly improved to $1.437 million on a volume of 2.414 million shares against last Tuesday's $1.137 million on a volume of 5.826 million shares.
Retail counter Edgars led the top risers, advancing 0.80c or 6.06% to 14c while cigarette manufacturer BAT gained 30c or 2.11% to 1455c.
Natfoods added 5c or 2.08% to 245c and Old Mutual traded 0.99c or 0.41% firmer at 240c.
Brokers Imara pushed through a special bargain of 673 723 Astra shares at 6c while in normal trades Astra closed buyers and sellers only at 6c and 7c respectively.
TA Holdings was the only counter which traded in the red shedding 0.18c or 2.31% to 7.62c.
Colcom closed buyers and sellers only at 35c and 40c respectively after publishing a profit warning statement saying the board has implemented a series of measures prior to year end which will result in certain asset impairments and cost provisions in the year to June 30 2013.
The Datvest All Share Index was 0.29 points or 0.19% better at 155.25 while the FBC ZSE-10 Index added 0.33 points or 0.21% to 16022.
A loss in TA Holdings saw the Conglomerates Index becoming the only sector to close in the red out of 12 sectoral indices on the Zfh board.
The Industrials Index gained 0.31 or 0.13% to 233.18 points with heavyweight counters Delta, Econet OK Zimbabwe and Innscor trading unchanged at 150c, 68c, 30c and 105c respectively.
The Minings Index also dosed unchanged at 66.77 points as there were no trades recorded in the Minings counters.
Bindura closed sellers only at 2.6c after reports that the nickel-miner warned of potential material uncertainty on its status as a going concern if it fails to obtain short-term bridging finance and execute a revised mining plan.
Hwange closed buyers only at 17.5c amid reports that the colliery company's bid to bar its business partner, a Chinese-owned firm, Hwange Coal Gasification Company, from selling coal stocks and coking oven battery hit a snag recently after High Court judge Justice Joseph Mafusire dismissed the application.
Daily market turnover slightly improved to $1.437 million on a volume of 2.414 million shares against last Tuesday's $1.137 million on a volume of 5.826 million shares.
Natfoods added 5c or 2.08% to 245c and Old Mutual traded 0.99c or 0.41% firmer at 240c.
Brokers Imara pushed through a special bargain of 673 723 Astra shares at 6c while in normal trades Astra closed buyers and sellers only at 6c and 7c respectively.
TA Holdings was the only counter which traded in the red shedding 0.18c or 2.31% to 7.62c.
Colcom closed buyers and sellers only at 35c and 40c respectively after publishing a profit warning statement saying the board has implemented a series of measures prior to year end which will result in certain asset impairments and cost provisions in the year to June 30 2013.
The Datvest All Share Index was 0.29 points or 0.19% better at 155.25 while the FBC ZSE-10 Index added 0.33 points or 0.21% to 16022.
A loss in TA Holdings saw the Conglomerates Index becoming the only sector to close in the red out of 12 sectoral indices on the Zfh board.
Source - ZFN
