ZSE tops Sub-Saharan markets

ZSE tops Sub-Saharan markets
Published: 30 September 2013
The ZSE topped all the Sub-Saharan markets after adding 2.83% at 197.97 in a 3rd consecutive week of gains.
 
The mainstream Industrials Index closed the week 3.23% higher at 197.97 and not to be outdone the Minings Index was also 3.23% up at 49.90.
 
Led by Econet, heavyweights closed higher with Econet gaining 12.71%, Delta rising 2.09% and Innscor adding 1.23%.
 
TA Holdings (+33%), Zimplow (+33%) and NicozDiamond (+25%) were the top gainers of the week and worst trades were recorded in Masimba, Meikles and Interfresh as they went down 41.43%, 28.57% and 10.00% in that order.
 
On the Zfn board, all the sectors were up except for Agro-Processor (-0.24%) at 72.42 and Conglomerates (-1.83%) at 69.62.

Insurance led the risers after adding 5.14% at 140.48 followed by Banking up 4.66% at 78.79 and Manufacturing (+3.17%) at 239.31 in trades worth nearly $11 million.
 
Lifted by Delta's special deal, volumes more than doubled during the week at 41.24 million shares worth $14.776 million as compared to last week's 29.67 million shares worth $6.797 million.
 
Delta was the top value trader accounting for 68.95% of the week's turnover.

- zfn
Tags: ZSE,

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