ZSE shares end week lower

Published: 19 August 2013

ZSE shares remained in the negative territory at the close of the holiday shortened week amid reasonable volumes across the board that saw daily turnover jumping to $15.21 million, its best level this year to date.

The Industrials Index dropped 2.37 points or 1.25% to 187.97 trimming its gains in the year to just 23.34%.

The Minings Index was heavily weighed down by losses in Falgold and Hwange as it lost 8.12 points or 14.46% to is all-time low level of48.05. This takes its losses since January to 2621%.

Volumes were buoyant with brokers Bethel Securities pushing through a special deal of 55.67 million CBZ shares at 15c worth $8,351 million while 2 broking firms booked over and sold significant volumes in Delta and Econet as investors began to trickle back into stocks.

Daily market turnover improved significantly to $15,214 million on a volume of 107.56 million shares against yesterday's $2,002 million on a volume of 8.918 million shares.

Weekly market turnover improved to $20.57 million on a volume of 126.41 million against last Friday's $14.86 million on a volume of 123.5 million shares.

Cigarette manufacturer BAT tumbled a significant $2 or 14.29% to $12 and is now 18.64% from its all-time high of $14,75.

Heavyweight counters Delta, Econet and Innscor traded unchanged at 115c, 53c and 80c respectively but significant volumes were recorded in Delta accounting for $2,838 million and Econet $3,255 million of the total value traded.

OK Zimbabwe dropped 1c or 4.35% to 22c while DZHL traded 0.50c weaker at 19c.

Hwange led the top fallers on the market, shedding a significant 6.60c or 37.50% to 11c takings its losses in the year to 35.3% while Falgold dropped 3c or 33.33% to 6c. RioZim traded unchanged at 35c.

Bankers ZBFH led the top gainers on the market, advancing 1c or 12.50% to 9c while Art gained 0.05c or 10% to 0.55c.

African Sun picked up 0.16c or 9.41 % to 1.86c as Tourism minister Walter Mzembi announced that 65 countries for the United Nations World Tourism Organisation General Assembly while more than 650 rooms have been booked in the resort town of Victoria Falls.

PPC recovered 15c or 6.98% to 230c while Lafarge traded 5c or 4.76% firmer at 110c. FML gained 0.51c or 4.25% to 12.51c while Padenga added 0.50c or 7.14% to 7.5c.

The Zfn board ended the week largely in the red with the Datvest All Share Index added 1.90 points or 1.49% to 125.57 while the heavyweight's measure, the FBC ZS

Other notable top fallers, Zimplow Holdings dropped 1.50c or 30% to 3.5c while TA Holdings eased 1.70c or 22.08% to 6c. Astra traded 1 c or 16.67% weaker at 5c and Colcom dropped 5c or 16.67% to 25c.

Pearl Properties dropped 0.25c or 9.09% to 2.5c. ZSE-10 Index was 1.70 points or 1.31% to 128.37
- zfn