ZSE daily turnover rises to $7,822 million

Published: 01 October 2013

A special deal of 5.5 million Delta shares pushed through at 125c highlighted trading on the ZSE on Tuesday and drove the daily market turnover to $7,822 million as the bourse opened the last quarter of the year in the positive territory.

The industrial index climbed a further 0.89 points or 0.44% to close at 200.94 points on the back of gains in heavyweight counters.

Around 5.54 million shares worth $$ 6,936 million changed hands in Delta with the beverages maker advancing 0.99c to close at 125c. Innscor was the second largest contributor to transaction value at $565 000 but the group closed unchanged at 82c.

Other heavyweights, Innscor and OK Zimbabwe closed unchanged at 82c and 27c respectively.

Meikles which just completed its $8 million renovations led the risers gaining 6c or 30% to 26c, BAT also rose by 50c or 4.35% to trade at 1,200c, PPC added 10c or 4.17% to 250c. Old Mutual who had an AGM this afternoon moved up 1.90c or 0.80% to 238.01c.

Padenga, which improved its basic earnings per share from USc 0.63 a year ago to 1.23c this year, rose 0.85c or 14.91% to 6.55c. Padenga's results come with significant potential for increased capacity.

Banking counter Barclays was up a marginal 0.01c to 3.41c.

Truworths, which launched an In-Store Credit Card for exclusive use in the Truworths and Topics Stores effective October 1 was bid and offered at 3.2c and 4c.

Two counters traded in the negative territory; TA Holdings was the worst performer losing 3c or 37.50% to settle at 5c and ZB Financial Holdings shed 0.09c or 0.81% to 11.01c.

The mining index remained flat at 50.29 points. Bindura, Falgold, Hwange and RioZim were unchanged at previous trading levels.

- zse

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