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Stock market ends week on a high
15/11/2013 00:00:00
by The Source
Stock Exchange market cape hits $8bln
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ZSE still has isolated investment gems

THE stock market gained 3.78 points in the week to Friday due to sustained investor interest in heavyweights.

Among the top three counters, beverage Delta, which released its interims on Wednesday, added eight cents in the week to 148 cents with a turnover of $2.4 million.

Innscor gained 3.5 cents to 87 cents with a turnover of $1.1 million while telecoms group Econet Wireless shed two cents in the week to 61 cents with a turnover of $2 million.

Most of the top 10 counters recorded gains, except Seed Co, whose share price dropped by nine percent to 90.10 cents and National Foods, which was 30 percent weaker at 215 cents.

In Friday’s trading, the main industrial index reversed Thursday’s losses, with a 1.15 point gain to 216.23 points after gains in Delta and BAT.

Delta was 2.50 cents higher at 148 cents while cigarette maker BAT piled on 50 cents to 1 250 cents. Border rose by five cents to 20 cents ahead of its Annual General Meeting next week while financial group, ABC was 3.10 cents higher at 58 cents.

Other gains were in FBC which closed 0.10 cents higher at 12.60 cents; PPC was one cent more at 251 cents.

Losses were in Padenga which slid one cent to eight cents; Ariston, 0.11 cents to 0.89 cents; Afdis 0.10 cents to 32 cents; Pearl 0.15 cents to 2.85 cents; Turnall 0.80 cents to 4.5 cents and Zimpapers 0.10 cents to 0.80 cents.

Turnover improved to $1.6 million.

In minings, Bindura fell 0.05 cents to 1.85 cents to push the mining index lower at 46.09 points while Falgold, Hwange and RioZim were stable at previous levels.

Week on week, the mining index lost 5.21 points.


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