ZSE trades remain sluggish

ZSE trades remain sluggish
Published: 19 March 2014
There was just one Delta special deal worth $767 000 to write home about during midweek trades Wednesday as no single counter trading in the positive out of the 26 counters that traded.

Brokers Lynton Edwards pushed through a special bargain of 650 000 Delta shares at 118c while normal trades in the beverages counter went through at yesterday's price of 119.94c.

Volumes in normal trades were thin with just about $303 210 out of 15.77 million shares being traded. Daily market outturn however improved to approximately $1,070 million on 16.43 million shares including the Delta special bargain.

The Industrials Index closed 1.25 points or 0.68% weaker at 183.83 taking its losses in the year to 9.05% while the Minings Index remained stable at 32.35.

Blue chips trading lower were BAT, which eased 10c to 1210c, Econet 0.55c weaker at 63.95c and Innscor which dropped 1.50c ahead of its interim dividend of 0.60c record date on Friday.

DZLH, which presents its December finals to the market this afternoon, led the fallers after shedding 2.89c or 22.42% to 10c, levels it last traded at back in 2010.

FBC remained stable at 12.5c ahead of its finals presentation this afternoon while CBZ dropped 0.50c to 16c. Another banker Barclays also lost 0.10c to 3.9c.

ZHL eased 0.10c to 1c while subsidiary ZPI closed unchanged at 1c ahead of its market presentation this afternoon.

The Zfn board stayed in the negative with the Datvest All Share Index losing 0.84 points or 0.67% to 124.34 while the FBC ZSE-10 Index was 0.62 points or 0.47% weaker at 131.47.
- zfn

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