Categories: Stories

Zimbabwe Stock Exchange bull run picks up pace

The stock market bull run accelerated today, with the main industrial index gaining 3.95 percent to 487.14 points while the mining index added 1.73 percent to 137.52 points.

Market capitalisation close at $13.7 million and a total market turnover amounted $7.04 million was recorded in the day.

Mobile operator, Econet added 18.69 percent to settle at 161.10 cents while Old Mutual gained 11.80 percent to settle at 1 398.18 cents.

Simbisa advanced 1.46 percent to settle at 70 cents while National Foods gained 2.7 percent to trade at 678.01 cents.

Seedco added 0.13 percent to trade at 288.63 cents.

Delta, Padenga, OK and BAT remained unchanged at their previous trading prices.

Regional cement maker PPC advanced 19.96 percent to settle at 279.50 cents.

Nampak limited and Star Africa gained 4.67 percent and 4.35 percent to settle at 12.56 cents and 2.40 cents respectively.

On the losers pack Axia eased 7.94 percent to settle at 29 cents while Innscor and Cafca eased 0.20 percent and 0.17 percent to settle at 178.65 cents and 28.80 cents respectively.

On the mining index, RioZim added 2.9 percent to settle at 104 cents while Bindura, Hwange and Falgold remained unchanged.

Foreigner buys amounted to $2.49 million compared to sales of $807 980.-The Source

(60 VIEWS)

This post was last modified on %s = human-readable time difference 6:17 pm

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

Indian think tank says Starlink is a wolf in sheep’s clothing

An Indian think tank has described Starlink, a satellite internet service provider which recently entered…

November 18, 2024

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