ZSE:- Blue chips help Industrials open new week firmer

Published: 10 June 2013

Heavily capitalised counters Delta, Econet and Innscor extended gains on Monday to help the Industrials open new week in the positive.

The Industrials Index added 2.09 points or 1.58% to 187.68 while the Minings Index remained unchanged at 68.45 as no movements were recorded in the sector.

There was hardly anything to cheer in the resources sector as Bindura traded unchanged at 2.1c while Falgold remained stable at 13c despite reports that government is expected to announce reduced mining fees and levies this month.

Reasonable volumes that were traded in Delta and Econet saw the total market turnover closing at approximately $2,149 million from 9.126 million shares up from Friday's $1.497 million on a volume of 6.967 million shares.

Delta was 2.51c firmer at 115.01c in deals worth over $300 000 while associate company Afdis was the day's top riser after adding 4.01c to 20.01c.

Econet advanced 3.90c to 76.1c in deals worth about $1.455 million in the wake of a 10 for 1 share split last Friday. The telecoms counter also has upcoming February finals.

Conglomerate Innscor was little changed after adding a modest 0.01c to 93c while Meikles added 1c to 24c.

Bankers were mixed with Barclays easing 0.02c to 3.1c while CBZ advanced 0.19c to 13.5c, surpassing its best level in 52 weeks of 13.31c on the back of upbeat December financial.

Please note there were no trades in Ariston as shown on our price sheet. Ariston remained buyers only at 1.06c. African Sun added 0.05c to 1.3c while Afre was 0.49c up at 7.99c.

DZLH eased 0.50c to 29c while retailer OK Zimbabwe was 0.18c weaker at 20.02c. Truworths was buyers only at 3.66c ahead of interims and analysts briefing this afternoon.

MedTech led the falling counters after losing 0.02c or 40% to 0.03c.

The Datvest All Share Index opened the week 2% in the black at 123.39 while the heavyweight's measure, the FBC ZSE-10 Index was 2.38% firmer at 132.67.
- zfn