ZSE close week slightly higher

ZSE close week slightly higher
Published: 04 July 2014
The equities market maintained gains for the third consecutive day to close the week slightly higher after mixed traded.

The industrial index added 0,28 points to close at 187.44 points as foreign traders seem to have regained confidence in the bourse.

8 industrial counters traded in the positive compared to two in the red.

Among the industrials Zimplow led the top risers moving 14.29 percent up to trade at 8 cents.

Fidelity Life and TA Holdings added a cent each to close at 9 cents each.

Gains were also recorded for cement manufacturer PPC which moved up 5 cents to trade at 230 cents and DZLH which was up 0.70 cents to trade at 11 cents. Bankers Barclays traded 4 percent higher at 3.90 cents.

On the downside, two counters traded in red as Meikles lost a cent to 18 cents and hotelier RTG retreated 0.10 cents to close at 1.10 cents.

The total value of trades stood at $1.02 million, boosted by trades in beverages giant Delta, telecoms powerhouse Econet and Dairiboard. On a week on week basis, the industrial index dropped 0.36 points compared to week ending 27 June 2014, having started the week on a depressed note.

The mining index slipped 1.80 points to close at 54.56 points after losses in Bindura offset gains at RioZim and Falgold.

Bindura was 0.20 cents lower to close at 4.30 cents while Riozim gained a cent to trade at 21 cents and Falgold was 0.50 cents solid to close at 2 cents. Hwange was unchanged at 5 cents.

The mining index was 7,15 points lower than the previous trading week.
- bh24


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