ZSE turnover buoyed by special bargain of Dawn shares

Published: 02 October 2013

The market continues with the revival as investors are slowly coming back to the bourse as evidenced by decent bids across the board. Turnover remained very impressive at $5,297,722 buoyed by an excellent Special Bargain of 294,705,134 Dawn shares at a price of 1,47c.

The 294,705,134 shares were disposed by African Sun at a 53% premium from the last trading price at 1.47c. The shares worth $4.332 million were sold to Lengrah Investments (Private) Limited, a Hotel and Real Estate Investment Company incorporated in Zimbabwe.

Innscor, OK Zim and Econet contributed decent volumes to the day's turnover.

The industrial index climbed further adding 2.42 points or 1,2% to close at 203.36, driven by gains in heavyweights, namely BATZ up 100c, Natfoods up 10c and Innscor up a cent.

BAT led the movers with a further 100c to trade at 1300c.

Delta, Innscor, OK Zimbabwe put up a cent each to trade at 126c, 83c and 28c respectively. Old Mutual gained 2.50c to close at 240.51c and Meikles went up 1.65c to close at 27.65c.

Natfoods added 10c to close at 250c after it announced that it is introducing new varieties of its premium brand of rice, Mahatma rice, which should appeal to those who enjoy a fragrant rice.

Banking concern ZB Financial Holdings was 3.99c solid at 15c while FBCH lost 1.4c to close at 12.10c.

Econet eased 0.60c to trade at 62.40c.

The mining index was steady at 50.29 points with Bindura as the only counter to trade at previous trading levels.

The market looks poised for a mini run as investors scramble to get hold of the elusive script.
- businessdaily