Date: Tuesday, 3rd March 2015    |   Price Sheet  |  Market Commentary

 

GAINS   LOSSES  
Counter Price   Δ USc % Δ % Δ YTD
ZIMPLOW 8.51 1.01 13.47% 32.55%
Counter Price   Δ USc % Δ % Δ YTD

 

INDUSTRIAL INDEX
167.31
 0.09%
MINING INDEX
54.58
 -1.44%
Market Commentary

Industrials marginally up in mixed trades…

Industrials were marginally up notching 0.01% to 168.55pts in today’s mixed session. There was no breath today from the 16 active stocks in which 3 advanced, 3 lost and 10 were unchanged. Driving the benchmark Index was ECONET which added 0.92% to 55c, apparel retailers EDGARS that shot up 5.56% to 9.5c and MASIMBA which jumped 15.38% to 1.5c. MASIMBA is currently trading under cautionary with speculation rife that the group could be heading for a separation of the manufacturing and construction businesses. Weighing down the market were cement manufacturers PPC that declined 2.63% to 185c, financial services group FBC gave up 6.25% to 8c and property concern MASH fell 3.70% to 2.6c. MASH is set for an AGM on 26 February 2015 where they will seek authority to extend its share buy-back to 1 April 2016.

Minings fell 10.64% to 47.56pts on the back of overwhelming weakness in the sector with no trades taking place. BINDURA was offered at 4c and RIO ZIM at 12c with no buyers showing in the two despite being offered lower than their last traded prices. RIO ZIM held its EGM today in which it sought shareholder approval for its $10mn rights issue. The... [more]

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Counter Price   Δ USc % Δ % Δ YTD
ZIMPLOW 8.51 1.01 13.47% 32.55%
Counter Price   Δ USc % Δ % Δ YTD
Market Commentary

Industrials marginally up in mixed trades…

Industrials were marginally up notching 0.01% to 168.55pts in today’s mixed session. There was no breath today from the 16 active stocks in which 3 advanced, 3 lost and 10 were unchanged. Driving the benchmark Index was ECONET which added 0.92% to 55c, apparel retailers EDGARS that shot up 5.56% to 9.5c and MASIMBA which jumped 15.38% to 1.5c. MASIMBA is currently trading under cautionary with speculation rife that the group could be heading for a separation of the manufacturing and construction businesses. Weighing down the market were cement manufacturers PPC that declined 2.63% to 185c, financial services group FBC gave up 6.25% to 8c and property concern MASH fell 3.70% to 2.6c. MASH is set for an AGM on 26 February 2015 where they will seek authority to extend its share buy-back to 1 April 2016.

Minings fell 10.64% to 47.56pts on the back of overwhelming weakness in the sector with no trades taking place. BINDURA was offered at 4c and RIO ZIM at 12c with no buyers showing in the two despite being offered lower than their last traded prices. RIO ZIM held its EGM today in which it sought shareholder approval for its $10mn rights issue. The... [more]

Market Comment 27.02.15
Declines in DELTA, DZLH and ECONET took their toll on theIndustrials which ended the final session of February in the negative shedding 0.86pts or...

Weekly-27.02.15
The corporate scene had a number of transactions being finalised in the final week of the month which was underlined by market wide weakness. Results...

Market Comment 26.02.15
Subdued activity continued to haunt the market in Thursday trades as turnover values remained below the psychological $1m. The value spurned in...

Market Comment 25.02.15
There was a marked improvement in activity on Wednedsay as trades were boosted by quality stocks with value and volumes traded more than doubling....

Market Comment 24.02.15
A general dearth in demand saw the market reversing yesterday’s gains in Tuesday trades with a 0.49% retreat for the main stream Industrial Index...


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