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BizDay Zimbabwe

ZSE stocks retreat

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THE Zimbabwe Stock Exchange main index industrial declined slightly yesterday on marginal losses in heavyweight shares while the mining index ended unchanged.
After trades, the industrial index lost 0,04 percent or 0,08 points to 209,02 and the mining index closed at 47,48 points.
Market turnover dropped to US$1,2 million on a volume of about 18,73 million shares from US$2 million realised on Monday.

Innscor Africa fell 2,4 percent to US82c while BAT Zimbabwe lost 8,3 percent to US$11. Delta Corp, the largest company in value terms, Econet Wireless and OK Zimbabwe closed unchanged at US35c, US60c and US26c respectively.

SeedCo also remained stable at US99c ahead of its extraordinary general meeting this morning. The two tier transaction will see Seed Co parent firm AICO Africa selling 15 percent of its majority to Vilmorin in first transaction and another 10 percent in the second transaction.
Hippo Valley rose 0,81 percent to US112c while Old Mutual closed 2,6 percent firmer at 255,01c.

Astra Limited was the top riser, advancing 20 percent to US4,8c, Dawn Properties closed US0,10c firmer at US1,4c, its 52-week best level and Masimba was US0,40c firmer at US5,6c.
TSL, Padenga and African Sun rose 6,4 percent, 4,9 percent and 5,9 percent each to US35,1c, US8,5c and US2,75c respectively. Lafarge gained 0,4 percent to US115,5c.

Turnall fell 10 percent to US4,5c while Barclays traded 2,3 percent weaker at US4,2c. Pearl Properties closed unchanged at US3c after significant deals worth about US$452 000.

The market is eagerly waiting for the release of two major policies, the Zim Asset, a medium economic policy to be unveiled by President Mugabe soon and the 2014 National Budget.

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