ZSE Market Report:- Industrials stays green at week's opening

Published: 10 June 2013

ZSE's Industrials continued its uptrend from the previous week with the mainstream index managing a modest 0.06% gain on Monday whilst the extractive sector closed unchanged.

The Industrials Index added 0.09 points or 0.06% to 159.99 whilst the Minings Index was stable at 72.25 as RioZim traded unchanged at 58c.

Total market turnover remained above the psychological $1 million level at $1.679 million on a volume of 8.100 million shares.

BAT recovered 40c back to 400c while Innscor was 0.20c firmer at 76.2c despite reports that government has given the conglomerate a 7-day ultimatum to submit a comprehensive indigenisation implementation plan.

Retailers traded mixed with Edgars dropping 1c to 8c, OK Zimbabwe rising 0.10c to 15.6c while Truworths was 0.10c up at 2.6c.

Turnall added a modest 0.08c to 5.5c amid reports that Swiss-based investors are reportedly on the verge of acquiring a stake in Turnall for $13.5 million.

DZLH was 2.25c firmer at 23.25c, its all-time high in deals worth $232 500 while blue chip Delta remained unchanged at 108.07c in transactions worth $1,023 million.

Art, currently trading under cautionary, led the day's top risers after adding 0.10c to 0.4c while Lifestyle Holdings was 25% up at 0.5c.

Tractive picked up 0.50c to 10c ahead of Zimplow's EGM tomorrow to approve acquisition of balance of Tractive Power's shareholding.

RTG led the fallers after losing 0.60c or 25.09% to 1.7c while TA Holdings was 2c weaker at 8c. Hunyani eased 0.60c to 2.6c while Fidelity Life was 1c lower at 10c.

The Datvest All Share Index remained in the positive after gaining 0.40 points or 0.38% to 105.59 while the heavyweights' measure, the FBC ZSE-10 Index was 0.30% firmer at 108.12.

RTG's loss dragged the Tourism Index 22.70% down to 2225 while Fidelity Life is 9.09% loss saw the Insurance Index losing 2.96% to 75.06.
- zfn