Zimbabwe Stock Exchange opens week on high note


The Zimbabwe Stock Exchange (ZSE) industrial index was up 5.02 percent yesterday to reach a record 301.03 points on gains by heavyweights.

The largest company by market capitalisation, Delta gained 4.6 percent to 182 cents.

Innscor and Padenga advanced 16.31 percent and 7.4 to settle at $1.01 cents and 85 cents respectively while retail giant OK Zimbabwe added 4.2 percent to close at 25 cents.

Leading the gainers pack were Nicoz Diamond and Zimplow which advanced 20.13 and 20 percent to settle at 3.7 cents and 7.9 cents respectively.

Axia was up 19.87 percent to settle at 30 cents while Proplastic gained 17.65 to close at 10 cents.

No losses were recorded.

Market capitalisation peaked at $8.5 billion while turnover came to $1.74 million.

The resources index remained unchanged at 82.8 points, with only one counter, Bindura, trading at 3.2 cents.

Foreigners disposed shares worth $262 951 compared to buys worth $843 888. – 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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