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13/11/2013 00:00:00
by The Source
Stock Exchange market cape hits $8bln
Stock market ends week on a high
ZSE mulls bond market for govt debt
Foreign investors still nervous after polls
Stock market names new chief executive
Bouyant ZSE plans year-end IPO
ZSE soars as foreign investors return
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Zim plans major ZSE revamp
Hackers target ZSE website
ZSE still has isolated investment gems

THE equities market’s bull run continued on Wednesday, powered by gains in big cap counters Delta, Innscor and Old Mutual.

The beverage manufacturer jumped 1.90 cents to 145 cents with a turnover of $645 000 from the sale of 445 000 shares. The steady gains this week come ahead of the publication of its half-year financials on Wednesday.

Old Mutual added five cents to 270 cents while another big cap Innscor traded one cent higher to 87 cents with a turnover of $101 000 with 116 000 shares changing hands.

Mid-cap Dairiboard was among the best performers, recording a 1.01 cents gain to 19.01 cents. CBZ and Interfresh were each 0.50 cents firmer to close at 15.50 cents and 1.50 cents respectively.

Gains in the market were tempered by losses in Econet which slowed by 1.99 cents to 61 cents. National Foods plunged 25 cents to 215 cents, a day after its Annual General Meeting showed a slowing business model.

The group plans to invest $30 million in upgrading its flour mills to boost revenue as the company battles imports that have eaten into its market share. Padenga dropped 0.20 cents to close at 8.80 cents.

Falgold put on two cents to six cents and Bindura recorded marginal gains of 0.05 cents to 1.90 cents as the mining index rebounded 0.45 points to close at 46.54 points.

Hwange and RioZim traded unchanged at 10 cents and 31.50 cents.


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