ZSE Industrials falters again

Published: 29 August 2013

ZSE's Industrials faltered again on Thursday in largely mixed trades while Minings recovered to close in the positive territory on Falgold's resurgence.

The mainstream Industrials Index eased 0.42 points or 0.23% to 182.17 trimming its gains in the year to 19.53%.

The Minings Index rebounded 2.55 points or 5.30% to 50.69 as Falgold recovered a significant 4c or 66.67% to 10c.

Volumes improved with the total daily market turnover closing at $1.544 million from 4.089 million shares compared with yesterday's $807 161 on a volume of 5.647 million shares.

Heavyweight counters were largely mixed with Delta remaining stable at 110c while Econet eased another 0.98c to 48c. Conglomerate Innscor which is set to release its June finals next week recovered 1.40c to 83.4c.

Buyers were also interested in bankers FBC which added 0.08c to 9.6c, Mash up 0.09c to 3c and PPC which picked up 5.10c to 235.1c.

Other notable risers on the day were Zimpapers 0.10c or 10% gain to 1.1c and RTG's 8.26% recovery to 1.31c. TSL also added 2c back to its all-time best level of 32c.

Another conglomerate TA Holdings recovered 0.10c to 5.1 c while another property counter ZPI added 0.01c to 1.01 c.

On the downside bankers Barclays was back in the red again after losing 0.10c to 3.4c while Pioneer led the top fallers after shedding 3c to 4c.

SeedCo eased 3c to 77c ahead of its AGM this afternoon while parent Aico Africa was unchanged at 4.5c ahead of its AGM tomorrow afternoon.

The Zfn board likewise was also mixed with 5 sectors dosing in the red while only 4 managed gains.

The benchmark Datvest All Share Index dropped 0.12 points or 0.10% to 121.61 while the FBC ZSE-10 Index eased 0.47 points or 0.38% to 123.70.

The Mining Index was the best performing sector rising 1.28 points or 6.61 % to 20.61 while the Tourism Index was second after adding 1.09 points or 4.71% to 2423.

Meanwhile tomorrow's trading session will be at the Harare Agricultural Show, Stand No EE34, East End Hal, Exhibition Park starting at 10am. Members of the public are invited.
- zfn