Decent trades recorded in Delta, Econet and Barclays

Published: 19 November 2013

Industrials closed in modest losses on Tuesday after giving in to losses in conglomerate Innscor but trading activity across the board improved with significant number of counters managing trades.

A total of 40 counters recorded trades with the breadth of the market skewed on the upside as 12 counters closed in the positive while 7 were in the red and a massive 21 remained unchanged from previous levels. Only 30 counters traded yesterday.

The Industrials Index eased a marginal 0.09 points or 0.04% to 217.18 while the Minings Index ended 0.47 points or 1.02% weaker at 45.62.

The market's top counters Delta and Econet remained stable at 150.5c and 61c respectively as Delta set the record date for the interim dividend of 1.30c for Friday December 6.

Conglomerate Innscor, accounting for 8.29% of the Industrials Index, however dropped 1c to 86c, cancelling out gains in another blue chip counter SeedCo (3.17% of the Industrials) which added 0.88c to 90.98c.

Art led the tellers after dropping 0.20c or 33.33% to 0.4c while Fidelity Life eased 0.99c to 19c. Cement manufacturer Lafarge closed 1c weaker at 114c.

Other notable movements across the were in Aico Africa which added 0.52c or 10.40% to 5.52c, MedTech's 14.29% rise to 0.08c and TSL which added 2c to 35c.

The Mining counters were mixed with Falgold leading the risers after adding 1c or 16.67% to 7c while RioZim added 1.50c to 33c. Hwange eased 1c or 10% to 9c while Bindura remained stable at 1.8c.

Interfresh which has announced intentions to delist from the ZSE remained buyers only at 1c.

The Datvest All Share Index stayed in the positive after adding 0.10 points or 0.07% to 144.20 but the FBC ZSE-10 Index eased 0.12 points or 0.08%.
- zfn