Published: 08 October 2013

Trading across the floor was however mixed as some investors recouped profits taking advantage of the recovery mode with 16 counters trading in the positive while 12 were in the negative with-10 trading unchanged from previous levels.

Turnover was decent at $1,7 million with CBZ, Delta, Econet and SeedCo being the main contributors.

6 out of the 10 ZSE top counters managed gains with 2 were closing in the red while the other 2 remained unchanged at previous positions.

Heavyweight counters' bullish trend continued as Delta advanced 1c to 136c while Econet recovered 1c to 61 c.  Natfoods gained 10c to 250c, Hippo climbed 5c to trade at 105c and SeedCo moved up 2.99c to close at 90c. Other gains were in Afdis and Innscor which were 2c solid at 32c and 89c respectively.

Astra led the risers after rising 0.50c or 12.50% to 4.5c while on the downside ZBFH led the fallers dropping 4.50c or 29.03% to 11c.

BAT eased 50c to 1300c largely on profit taking with sellers still selling at 1350c while OK Zimbabwe dropped 0.60c to 27.4c and closed sellers at 28c with no buyers in sight and Lafarge eased 10c to 110c. Colcom shed 2c to settle at 28c and Meikles went down 1.11c to trade at 27c.

The mining index retreated 1.77 points (3.37%) to close at 50.71 points due to Bindura which was 0.20c lower at 1.80c. Falgold, Hwange and RioZim were unchanged at previous trading levels.

The blue chips are expected to lead the rise of the market as they become a key focus to most investors, volumes are likely to remain decent as participation is improving.

- zfn

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