ZSE weekly round up

Published: 30 August 2013

The industrial index went down yesterday by 0.42 points to close at 182.17 points. There were five shakers and 10 movers; a significant move from the previous one move of Wednesday.

The top risers included Falgold which gained by 67 percent to trade at 10US cents. The significant rise may be attributed to the rise in the global gold prices that has been occurring in the past few days.

Zimpapers also rose by 10 percent to trade at US1.1 cents a new move by the company as it's been remaining unchanged for more than a week.

RTG which had previously encountered a fall, gained yesterday by 8 percent to trade at US1.31c. TSL also gained by 7 percent to trade at US32c.

Among the shakers Pioneer the transporting company coming from a longtime of no change shaded by 43 percent to trade at US4c, Ariston also went down by 17 percent to trade at US1c, NicozDimond also went down by 6 percent to trade at US1.6c and Masimba also went down by 6 percent to trade at US8.5c. The mining index rose by 3.26 points to close at 50.69 points. The rise was mainly driven by the significant gain by Falgold.

The mining giant gained on the global gold price rise trend. In the past week the price of gold rose from its lowest price in the year of below $1 100 back to its usual trades of above US$1 400.

Banking sector stocks saw Barclays Bank trading bearish the whole week closing yesterday at a low of US3.4c, while FBC gained by 0.84 percent to trade at US9.6c.

Other banking counters such as CBZ remained unchanged. Telecoms giant Econet has also been trading bearish this week. Yesterday the company went down by 2 percent to close at US48c. Market capitalisation was $4 7 billion with foreign buys at $421 513 and foreign sales ended at $701 006.
- herald

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