Industrials daily turnover jumps to $4 million

Published: 26 September 2013

ZSE shares remained in the positive territory on Thursday with Industrials extending their rising streak to 8 consecutive days as daily market turnover jumped to $4,056 million spurred by significant trades in CBZ, Delta and Econet.

The Industrials Index rallied 0.66 points (0.34%) to close at 196.66 points taking its year to date gains to 29.04% while the Minings Index recovered 1.56 points or 3.23% to 49.90 after RioZim's bid was bid higher at 30c while sellers were asking for 35c.

Econet added 1.80c to 62c in deals worth $324 596 after reports that the group was upgrading its mobile money service, EcoCash, which will make the system four (4) times bigger paving way for the company to launch additional services.

Delta remained unchanged at 120c in significant volumes worth $3,180 million while bankers CBZ added 0.51c to 14.52c in another reasonable parcel of shares worth $268 473.

Innscor also remained unchanged at 82c while its associate Natfoods closed amongst the top 5 gainers, adding 10c or 4.35% to 240c.

OK Zimbabwe was stable at 27c with dual listed counters Old Mutual and PPC also trading unchanged at 236.11c and 240c respectively.

Zimplow Holdings led the top risers on the market adding 0.30c or 7.14% to 4.5c while Truworths advanced 0.20c or 6.67% to 32c.

Cement manufacturer, Lafarge gained 4.99c or 4.34% to 120c while FML traded 1.50% firmer at 13.5c.

Masimba closed as the top 5 faller on the market, easing 3.50c or 50% to 3.5c ahead of its analyst briefing this afternoon.

Counters which traded the negative territory included Meikles which lost 8c or 28.57% to 20c after reports that the firm says the $8.5 million refurbishment of its hotel's north wing is now complete and guests are already being booked into the new rooms. Masimba halved to 3.50c.

Bindura, Falgold and Hwange were unchanged at previous trading day's levels.

The Datvest All Share Index added 0.46 points or 0.35% to 132.50 while the FBC ZSE-10 Index was 1.18 points or 0.86% firmer at 138.06.

The Conglomerates Index was the only sector to close in the red on the Zfh board after easing 228 points or 3.17% to 69.62.
- zfn