Categories: Stories

Zimbabwe Stock Exchange sprints past 500-point mark

Innscor also eased 0.31 percent to settle at 178.5 cents while BAT eased 2.24 percent to settle at 3 560.94 cents. Simbisa eased 2.86 percent to settle at 68 cents.

Among the gainers, FML and Nampak advanced 50 percent and 20.83 percent to settle at 18 cents and 14.5 cents respectively.

ART and Barclays advanced 20 percent and 17.14 percent to settle at 6 cents and 8.2 cents respectively.

Cement maker, Lafarge and FML Properties advanced 16.73 percent and 16.67 percent to settle at 82 cents and 5.6 cents respectively.

Willdale and Star Africa advanced 12.86 percent and 11.11 percent to settle at 0.79 cents and 2.5 cents respectively.

Hippo Valley and NMB advanced 7.09 percent and 5.88 percent to settle at 151 cents and 9 cents in that order.

Zimre and Dairibord advanced 4.4 percent and 2.58 percent to settle at 2.61 cents and 17.5 cents respectively.

CFI and TSL advanced 2.56 percent and 2.31 percent to settle 69.74 cents and 36.32 cents while Meikles and Masimba advanced 1.63 percent and 1.41 percent to settle 40 cents and 7.2 cents respectively.

Partially offsetting the gains recorded by the industrial index were Turnall and Axia whose share prices fell 18.06 percent and 7.15 percent to close at 1.18 cents and 28.94 cents respectively.

CBZ and African Sun also eased 4.15 percent and 1.96 percent to close at 23.1 cents and 5 cents respectively.

FBC, Colcom and Zimplow eased 1.03 percent, 0.35 percent and 0.25 percent to settle at 24 cents, 72 cents and 8.1 cents respectively.

On the mining space, Falcon advanced 0.5 percent to close at 2.01 cents while RioZim added 8.91 percent to close at 110 cents, offsetting the loss recorded by Bindura whose share went down by 11.11 percent to close at 6.4 cents.

Hwange was unchanged at 3.74 cents.

Foreigners remained net sellers in the week, disposing of shares worth $26.97 million compared to buys of $5.2 million.- The Source

 

See also:

Ignatius Chombo – A timeline

Mugabe gets his yes-man

Mugabe appoints Chombo to key Finance ministry

ICYMI- The fortune that Chombo and his ex-wife fought over

 

(89 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

This post was last modified on October 15, 2017 1:31 pm

Page: 1 2

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

Africans-including Zimbabweans- must now tell their own stories- ADB president

Africans must now tell their own stories because if they continue to denigrate themselves they…

May 11, 2024

Zimbabwe quarterly taxes to force businesses to sell products in ZiG

Quarterly taxes, which are due next month, will force businesses to sell a quota of…

May 11, 2024

Zimbabweans may soon be able to change ZiG to US dollars and vice-versa on their phones

Zimbabweans will soon be able to change their ZiG to United States dollars and vice-versa…

May 10, 2024

Tshabangu says it will take 67 years to complete the Bulawayo-Nkayi Road at the current pace

Senator Sengezo Tshabangu yesterday expressed dismay at the pace at which the government is constructing…

May 10, 2024

Zimbabwe to fine those breaching official exchange rate US$15 000 or more

Zimbabwe has ordered providers of goods and services to use the official exchange rate or…

May 10, 2024

Zimbabwe to introduce legislation to ensure official exchange rate is used for pricing

Zimbabwe is going to introduce legislation which ensures that the country uses one exchange rate…

May 8, 2024