Categories: Stories

Delta helps Zimbabwe stocks recover

Gains in beverage maker, Delta lifted the Zimbabwe Stock Exchange All Shares Index by 0.41 percent to 98.25 points today.

The industrial index advanced 0.42 percent to settle at 327.4 points while the mining index remained flat at 142.4 points.

The Top Ten index added 0.87 percent to trade at 97.88 points.

Counters captured in the Top Ten index include Delta, Econet, Old Mutual, National Foods, Hippo, BAT, Simbisa, Seedco, Innscor and Padenga.

Delta added 3.33 percent to settle at 155 cents while Meikles gained 0.34 percent to trade at 29.5 cents.

Losses were in CBZ and OML which eased 19.67 percent and 2.05 percent to close at 12.05 cents and 460.38 cents respectively.

Market capitalisation stood at $9.29 billion in the day while turnover amounted to $348 812.

Foreigners purchased shares worth $175 705 compared to sales which amounted to $124 000. – The Source

(149 VIEWS)

Charles Rukuni

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.

Recent Posts

ZiG firms against US dollar for 10 days running but people still do not have confidence in the currency

Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…

November 16, 2024

Zimbabwe among the top countries with the widest gap between the rich and poor

Zimbabwe is among the top 30 countries in the world with the widest gap between…

November 14, 2024

Can the ZiG sustain its rally against the US dollar?

Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued…

November 10, 2024

Will Mnangagwa go against the trend in the region?

Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…

October 22, 2024

The Zimbabwe government and not saboteurs sabotaging ZiG

The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…

October 20, 2024

The Zimbabwe Gold will regain its value if the government does this…

Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…

October 16, 2024