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Industrials breach 200pts in weekending session…
The industrial Index surged 0.35% to sail past the 200pts mark as it settled at 200.04pts buoyed by firming demand in most selected stocks on the ZSE. Topping the gainers list was Meikles which ticked up 11.11% reversing previous losses to end at $0.2000, and closing with a scrappy bid at that level. Nampak followed with a 10% rise to close at $0.0550 while, Proplastics added 8.51% to see its shares being exchanged at $0.0650. Property stock Dawn traded 5.88% higher at $0.0180 as demand persists in the stock. Banking group ZB completed the top five risers of the day with a 3.03% increase to close at $0.1700. Delta traded unchanged at $1.2725 while, Econet recorded no trades ending with a spread of $0.3700$0.4000. Overall, six counters rose against a single faller, leaving ... [more]
The four most dangerous words in investing are: 'this time it's different.'
Sir John Templeton
The Industrial Index closed the week 0.16% up at 168.36pts as retailers OK Zimbabwe advanced 6.87% to 14c and financial services group Old Mutual notched 0.42% to 237c. Weakness that creeped in...
The ZSE was pegged back for the second day running in Thursday trades, as earlier gains fail to hold. The main Industrial Index retreated 0.33% to 168.09pts despite...
There was a marked slow done in activity with turnover falling below the $1mn mark as a 40.56% decline took it to $0.70mn. Econet had a healthy share of today's trades shoring $500,000.00 or...