The Zimbabwe Stock Exchange industrial index yesterday bounced back from losses recorded over the past two days, picking up 2.34 percent to close at 120.69 points.
The bourse, which has been bullish throughout October, was dragged down on Monday and Tuesday after The Coca Cola Company (TCCC) made public plans to terminate its bottlers agreement with Delta Corporation, which is the largest counter on the exchange by market capitalisation.
Delta traded stable yesterday, remaining at 75 cents.
National Foods and OK Zimbabwe gained 36.21 percent and 20.10 percent to settle at 300 cents and 4.84 cents, respectively.
BAT, Pearl and Axia also advanced 1.4 percent, 13.21 percent and 6.73 percent to close at 1475 cents, 1.80 cents and 5.55 cents in that order.
Barclays and FBC picked up 2.5 percent and 0.7 percent to close at 2.05 cents and 7.5 cents respectively. Simbisa also added 0.6 percent to trade at 14.10 cents.
Powerspeed was the only loser after losing a marginal 0.45 percent to close at 2.19 cents.
There were no trades on the mining index, leaving it unchanged at 33.17 points.-The Source
(46 VIEWS)
This post was last modified on October 26, 2016 9:23 pm
Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…
The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…
Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…
Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the…
Nearly 80% of Zimbabweans are against the extension of the president’s term in office, according…
The government is the biggest loser when there is a discrepancy between the official exchange…