ZSE starts week on a high

via ZSE starts week on a high | The Source November 18, 2013

The stock market began the week on a high note with the main industrial index adding 1.04 points to close at 217.27 points.

Big cap counter Delta piled on 2.50 cents to 150.50 cents, continuing on the previous week’s momentum which has been running since the publication of the firm’s half-year financials last week.

National Foods gained five cents to 220 cents with minimal trades while other gains were in Zimre, up 0.15 cents to close at 1.40 cents for a year to date growth of 16.7 percent and Barclays which closed 0.10 cents higher to settle at 4.60 cents.

However, the gains were capped by an eight cent drop in ABC, which closed at 50 cents with 307,000 shares exchanging hands for a turnover of $154,000. CAFCA and TA Holdings each traded three cents lower at 32 cents and six cents respectively while Hunyani lost 38 percent of its value to 2.50 cents.

Heavyweight Econet recorded a turnover of $180,000 but was steady at 61 cents while Innscor had no trades at all at 87 cents.

Total turnover for the day was $1.1 million.

The mining index was flat at 46.09 points as Bindura, Falgold, Hwange and RioZim traded unchanged.