tion in the monetary policy statement. Other measures expected are the increase in the gold buying price and an attempt to convert the short-term Government debt into long term.
The top gain of the week was agro-exporter ARISTON. The stock put on 109% to $11500. NICOZ gained 76% to $1500. ZSR, which is possibly re-rating to a favoured stock status, put on 72% to $31,000. The stock actually retreated from an intra-week high of $36,000. PGI rose 69% to $22,000. BARCLAYS, which has been on the periphery of fund managers’ interests, put on 67% to $4500.
ZIMRE and CAIRNS each put on 67% to $10,000 and $15,000 respectively. The other top gains above 50% were CBZH, CELSYS, ZIMPLOW, NTS, HUNYANI, COTTCO, TA and ART.
There were only two declines recorded in the week and these were led by penny stock PELHAMS, which shed a marginal 3% to $300 while M&R shed 2% to $12,000.
The top gain in the minings was BINDURA, which doubled its share price to $40,000. The stock still has some significant upside. RIO gained 70% to $850,000. The stock is chasing after the psychological $1 million mark despite the 2 for 1 bonus issue that occurred less than a month ago. Embattled stock, FALGOLD gained 50% to $6000. HWANGE and HALOGEN were unchanged.
20.7.2006
0:00
Bull market erupts as treasury bills suspended
The monetary policy, which was rumoured to be announced on Thursday, did not materialise and expectations are that it should be announced either this Thursday or the next.
The buying patterns that were observed last week favoured exporters. It is apparent that there is a an exchange rate devalua
The buying patterns that were observed last week favoured exporters. It is apparent that there is a an exchange rate devalua