20 January 2018
Tsvangirai golden handshake confirmed
DisGrace sneaks out three luxury cars
ED cuts Bob Singapore crew from 38 to 22
Call for Diaspora Minister and MPs
ED so over confident it worries him
Priscilla demands coup ‘killings’ details
CBD maize roasting must end now: Min
Tsvangirai faces disgraceful exit: Judge
ZTA targets domestic tourism
SOE DEBATE: Privatise most parastatals
Delight as ZBC 'Iron Lady' suspended
Sulu arrested over $4,000 child support
Mapeza targets CAF CL group stages
Tendai Ndoro special - says Ajax coach
Elections: Not a moment to be lost
A view beyond the Zimbabwe coup
Mnangagwa off to Davos empty handed
Economy: the need for a paradigm shift

Econet, Delta drive ZSE to new heights

27/05/2017 00:00:00
by Source.co.zw

HARARE: The ZSE industrial index this week advanced 4,55 percent to 160.3  points on the back of gains recorded by heavyweight counters.

However, the mining index eased 2,49 percent to close the week at 69.21 points after losses in RioZim and Hwange.

Market capitalisation increased by 4,36 percent to $4,68 billion from $4,48 billion recorded in the previous week mirroring the gains recorded by the mainstream index. Total market turnover declined by a third to $4,7 million this week from $6,9 million recorded in the previous week.

Delta and Econet gained 2,69 percent and 22,1 percent to close at 95,5 cents and 30 cents respectively. Innscor and BAT picked up 9,35 percent and 6,73 percent to close at 53,58 cents and 1,665.0 cents.

Seedco and National Foods also advanced 1,06 percent and 0,97 percent to close at 98,2 cents and 365,5 cents in that order, while Simbisa, Padenga and Old Mutual advanced 0,84 percent, 0,28 percent and 0,27 percent to settle at 18 cents, 21,21 cents and 376,25 respectively.

Leading the gainers pack were Ariston and Powerspeed after their share prices rose 33,33 percent and 20 percent respectively

Additionally, ZB Financial Holdings and OK Zimbabwe gained 6,25 percent and 6,06 percent in that order.

Losses were in Willdale and Hwange who dropped 30 percent and 19,66 percent to close at  0,35 cents and 2,33 cents respectively.  

Zimre, Lafarge and Riozim dropped 13,33 percent; 10,11 percent and 3,51 percent in that order.

FBC and Turnall also shed 1,4 percent and 1,01 percent respectively.

Falgold was the only mining counter which did not trade in the week, remaining at 1 cent.

Foreigners remained net sellers in the week, selling off shares worth $2,97 million compared to buys worth $1,77 million.


Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it






Face Book



comments powered by Disqus
RSS NewsTicker