Industrials stay depressed

Industrials stay depressed
Published: 26 February 2014
Industrials opened the last week of February stuck in the red dragged down by the 2 heavyweights Delta and OK Zimbabwe as Minings recorded first rise in more than 2 weeks.

There were only 2 counters trading in the red Delta and OK Zimbabwe accounting for 35.52% of the mainstream index which managed to outweigh the 6 risers on the day including Econet and Hippo accounting for a combined 18.9% of the Industrials Index.

Delta lost 0.90c to 124c while OK Zimbabwe was 0.20c weaker at 19.3c.

Volumes were mostly thin across the board with deals in Meikles and BAT accounting for the bulk of the total value traded.

The Industrials Index eased 0.46 points or 0.24% to 190.25 while the Minings Index recovered 0.63 points or 1.87% to 34.24 spurred by Falgold's 16.67% rise to 7c. The resources index last recorded gains on Friday February 7

Total daily turnover slightly improved to $660 395 on a volume of 3.350 million shares from Friday's $590 350 on 3.961 million shares.

On the upside Econet added a modest 0.02c to 63.62c while Hippo picked up 4c to 75c. Pearl Properties was 0.10c better at 2.61c.

Old Mutual closed the day 0.04c up at 242.55 while PPC was 1c better at 261c. ZHL also picked up a marginal 0.01c to 1.01c.

BAT, which released its finals this morning, remained stable at 1350c while CBZ closed buyers only at 15.1c ahead of its finals and analysts briefing this Wednesday.

The Datvest All Share Index eased 0.07 points or 0.05% to 128.55 while the FBC ZSE-10 Index was 0.13% weaker at 136.41. The Mining Index was the only sector to record meaningful recovery on the Zfn board after adding 0.32 points or 2.35% to 13.78.

- zfn

Comments

Latest News

Latest Published Reports

Latest jobs