Industrials rebound, close in the positive

Industrials rebound, close in the positive
Published: 16 January 2014
Industrials rebounded to close in the positive on Tuesday helped by gains in blue chips BAT, Delta, Econet and OK Zimbabwe but volumes remained subdued.

The Industrials Index gained 1.07 points or 0.53% to 201.52 as Delta added 0.60c or 1.50% to 61c while Econet added 0.90c or 1.50% to 61c. Heavyweight retailer, OK Zimbabwe advanced 0.53% to 19.1c. Meanwhile, Innscor remained stable at 80c.

The Minings Index closed unchanged at 44.08 with no activity in the mining counters.

Daily market turnover significantly dropped to $529 823 on a volume of 3.969 million shares against yesterday's $740 443 on a volume of 4.057 million shares.

Cigarette manufacturer BAT led the top risers, adding 6.58% or 79c to 1280c while NicozDiamond closed 3.57% firmer at 1.45c.

TSL and TA Holdings added 2.63% and 1.64% each to 39c and 6.2c respectively.

The top faller on the day was Powerspeed, easing 0.30c or 16.67% to 1.5c and Dawn dropped 0.10c or 10% to 0.9c. Bankers, FBC eased 1c or 7.41% to 12.5c.

CFI closed 2.78% weaker at 3.5c while Mash dropped 0.05c or 0.90% to 3.2c. ZBFH also traded in the red, shedding 0.10c or 0.90% to 11c.

The Zfn board ended largely on the upside with 6 indices managing gains against 2 that were in the negative territory.

The benchmark Datvest All Share Index was 0.56% better at 135.24 while the heavyweights' measure, the FBC ZSE-10 Index was 0.91 % up at 141.84. 
- zfn
Tags: ZSE, Industrials,

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