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Industrials rebound in week ending session…
The Industrials rebounded in the week ending session to 366.08pts after putting on 0.46%. Sixteen stocks advanced for the day against nine fallers as a positive breadth of seven counters was established. BAT led the gainers of the day with a 13.65% charge that took it to $26.0667 while, Dairibord followed on a 12% surge to settle at $0.1400. AFDIS was up 9.68% at $1.7000 while, Hippo added 3.85% to $1.3500. Wrapping the top five risers of the day was Mash that put on 3.55% to close higher at $0.0350 on firming demand. Amongst the nine fallers of the day were OKZIM, ZPI and banking group NMB that shed 11.76%, 8.40% and 5.56% to end pegged at $0.0300, $0.029 and $0.8500 in that order. Axia followed with a 5.05% plunge to close at $0.2800, despite its FY17 financial results in which management reported a 26% increase in ... [more]
How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.
Robert G. Allen
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...