ZSE equities advance gains

ZSE equities advance gains
Published: 10 July 2014
The equities market has extended yesterday's gains inching up 0.50 percent as a number of heavily capitalised counters traded positively.

Gainers outnumbered losers 10 to three in today's trades as the industrial index pushed up 0.94 points to close at 188.80 points. Giant telecoms Econet added 1.2 cents to close at 73.2 cents, while Seedco gained 1.01 cents to trade at 72.01 cents.

OK Zimbabwe went up by a cent to close at 18 cents.

Insurer Old Mutual picked 0.7 cents to settle at 256 cents whilst Fidelity Life, Hunyani and NMB gained 0.5 cents each to trade at 9.5 cents, 2.5 cents and 5.5 cents, respectively and the downside, First Mutual dipped 1.7 cents to trade at 4 cents, while CFI went down 0.06 cents to close at 2.25 cents. ZPI shed 0.05 cents to close at 0.9 cents.

Activity on the bourse was slightly improved as 59 counters were involved in trades and turnover was higher at $2,9 million from yesterday's $2,2 million.

Foreign purchases amounted to $2,1 million as OK Zimbabwe was the favoured stock with a value of $1,8 million bought on another special bargain.

The mining index was flat at 55.33 points as Bindura, Falgold, Hwange and Riozim all maintained previous trading levels. ZSE's market capitalisationvstands at $4,9 billion.
- BH24
Tags: ZSE,


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