ZSE shares little changed after Independence holiday

Published: 10 June 2013

ZSE shares were little changed on Friday with the 10 counters that managed gains failing to inspire Industrials, closing a modest 0.01% in the red after giving in to losses in just 4 counters after the Independence holiday yesterday.

The Industrials Index dropped a marginal 0.02 points or 0.01% to 188.63 with Econet trading 1c or 1.54% lower at 64c while Innscor remained stable at 86c. Hippo traded higher on the market today advancing 1c or 0.91% to 111c.

Delta traded unchanged at 125c after announcing the launch of a new product opaque beer, Chibuku Super, which is a shelf stable, constant Alcohol by Volume product It features bold and innovative new packaging in an embossed PET bottle.

The Minings Index remained stable at 67.17 points as Bindura traded unchanged at 2.8c following resumption of nickel exports from its Trojan Nickel Mine. RioZim also remained stable at 45c.

Total market turnover improved to $1.562 million on a volume of 3.998 million shares from $553 521 on a volume of 8.767 million shares recorded prior Independence Day.

Weekly turnover for the 4 trading days dropped to $5,252 million on 45.54 million shares from last week's $7,706 million on 54.79 million shares

Zimplow Holdings led the top risers for the day adding 0.50c or 12.50% to trade at 4.5c while TA Holdings advanced 0.50c or 6.25% to 8.5c. Zimpapers recorded a 6.25% increase at 0.85c.

Hospitality group RTG closed buyers and sellers only at 1c and 2c respectively amid reports that a massive shake-up has swept through the firm, which has seen top directors exiting while a key resort has been shut down.

Among top gainers was clothing retailer Truworths which closed 10% firmer while its counterpart Edgars led the top fallers easing 1c or 7.69% to 12c.

TSL added a marginal 0.04c or 0.22% to 18.54c. Bankers Barclays and NMB traded on the upside today adding 0.30c and 1.10c each to 3.4c and 11.1c respectively.

Zeco closed buyers only at 0.02c after reports that the ZSE has given the struggling engineering concern an ultimatum to release year-end financial results after it missed the March 31 deadline.

Meikles and PPC added 0.55c and 1c each to trade at 22.55c and 210c respectively.

NicozDiamond closed sellers only at 1.5c after announcing the group's final dividend of 0.064c record date is set for Friday April 26.

DZHL and Fidelity Life were the other top fellers dropping 0.05c and 0.50c each to 29c and 12c respectively.

The Datvest All Share Index was also largely unchanged after easing 0.01% at 128.4 while the FBC ZSE-10 Index dropped 0.35% to 134.58.
- zfn