Zimbabwe Stock Exchange run continues


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The ZImbabwe Stock Exchange’s main industrial index advanced 0.57 percent to close the week on 191.15 points, pushed by slight gains in heavyweight counters.

The mining index was also in the black, gaining 0.23 percent to settle at 69.79 points.

Market capitalisation increased by 0.56 percent to $5.56 billion from $5.53 billion recorded in the previous week.

Total market turnover declined by 11.42 percent to $7.38 million from $8.33 million recorded in the previous week.

Delta and Padenga gained 0.23 percent apiece to close at 125.49 cents and 26.5 cents respectively.

Seedco and Hippo picked up 10.76 percent and 2.86 percent to close at 139 cents and 72 cents in that order.

National Foods and Old Mutual advanced 0.59 percent apiece to close at 368.68 cents and 385 cents respectively while Innscor picked up 0.10 percent to settle at 72 cents.

Leading the gainers pack were Masimba and Nampak whose share prices rose 24 percent and 19.79 percent respectively.

Willdale, OK Zimbabwe and Lafarge gained 14.29 percent, 13.03 percent and 12.5 percent in that order.

Additionally, Africa Sun and RTG advanced 11.54 percent and 11.11 percent while Ariston and Fidelity added 9.89 percent and 7.28 percent respectively.

Powerspeed, Edgars and CFI also gained 6.06 percent, 5 percent and 3.35 percent respectively. – The Source

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The Insider

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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