Delta, Innscor hit record highs as Industrials rallies past the 220 mark

Published: 11 June 2013

Delta and Innscor shares extended their gains and soared to new record highs record highs on Tuesday as Industrials raced past the 220.00 mark for the first time to take its gains in the year to 46.71 %.

The Industrials Index gained 3.56 points or 1.63% to 223.58 buoyed by gains in heavyweights Delta, OK Zimbabwe and Innscor.

Blue-chip Delta hit another fresh high after adding 2c or 1.29% to 157c taking its market cap to $1,927 bin. Buyers were still looking at 156c while sellers were higher up at 1o0c.

Conglomerate Innscor gained 5c or 4.76% to 110c another all-time high but buyers were looking weak at 107c.

OK Zimbabwe advanced 0.10c or 0.40% to 25.1c ahead of its finals and analysts briefing tomorrow. Econet traded unchanged at 70c.

The Minings Index remained stable at 71.75 points as Bindura and RioZim were stable at 2.7c and 50c respectively.

Daily market turnover improved to $3,283 million on a volume of 14.012 million shares against yesterday's $1,414 million on a volume of 7214 million shares.

The top riser on the day was Pioneer which added 1c or 25% to 5c taking its gains in the year to 400% while Afre was 1.90c or 13.48% firmer at 16c and Mash gained 0.17c or 6.72% to 2.7c.

Cement manufacturer Lafarge gained a significant 14c or 16.28% to 100c amid reports that the firm plans to double output to 1 million tonnes per year within the next decade.

Bankers CBZ added 0.50c or 3.45% to 15c and Barclays gained a marginal 0.02c or 0.59% to 3.42%.

BAT added 35c or 4.17% to another record high of 875c taking its gains this year to date to 143.1% while African Sun gained 0.11c or 6.15% to 1.9c.

Aico Africa advanced 0.01 c or 0.14% to 7.21c while RTG closed 4.55% firmer at 1.15c ahead of its AGM tomorrow.

Only two counters traded in the red with Pearl Properties dosing as the top feller on the day dropping 0.09c or 2.65% to 3.31c whie NicozDiamond eased 0.02c or 1.40% to 1.41c.

The Zfn board closed largely in the green with the Datvest All Share Index adding 2.06 points or 1.39% to 150.54 while the FBC ZSE-10 Index was 1.22% better at 160.48.

Gains in Afre and Fidelity helped the Insurance Index to close 12.54 points or 9.06% firmer at 151.00 taking the sector's gains in the year to 72.85%.
- zfn