ZSE heavyweights remain weak

Published: 17 December 2013

ZSE Industrials remained in the negative territory on Tuesday dragged down largely by losses in Econet, OK Zimbabwe and Hippo.

The Industrials eased 1.32 points or 0.66% to 200.09 while the Minings Index remained stable at 43.26 points as Bindura traded unchanged at 1.9c.

Heavyweights Econet eased 0.8c or 1.27% to 62c while OK Zimbabwe dropped 0.90c or 4.5% to 19.1 c. Meanwhile, blue-chips Delta and Innscor traded unchanged at 135c and 75c respectively.

Hippo closed amongst the top 5 losers on the day dropping 10c or 10% to 90c.

Daily market turnover for today's trades was $2,290 million on a volume of 24.37 million shares as Imara executed a special bargain of 12.12 million ZPI shares at 1.3c with a value of $157 621.

Only four counters managed gains on the market, with DZHL leading the risers, advancing 1c or 7.145 to 15c while Aico Africa added 0.10c or 1.25% to 8.1c. Cement manufacturer Lafarge gained 1c or 0.88% to 115c and FML picked up a marginal 0.01c or 0.13% to 8.01c.

NicozDiamond led the top fallers on the board, shedding 0.5c or25% to 1.5c while Art eased 0.05c or 14.29% to 0.3c ahead of its finals and analysts briefing set for tomorrow.

Masimba eased 0.50c or 7.14% to 6.5c while cigarette manufacturer BAT traded 80c or 625% weaker at 1200c and Edgars dropped 0.5c or 3.855 to 12.5a

The Datvest All Share Index eased 1.42 points or 1.04% at 134.14 while the blue chips measure, FBC ZSE-10 Index lost 1.92 points or 1.36% at 139.39.

All sectors were in the red with Nicoz Diamond's 25% fall dragging the Insurance Index to a 4.58 points or 4.39% drop at 99.65. The Truworths Retail Index and the Agri-Industrial Index were amongst the top fallers shedding 4.16% and 3.60% in that order.
- zfn