The Zimbabwe Stock Exchange (ZSE), which last week witnessed foreign investors offloading their stakes in major counters to grab Reserve Bank of Zimbabwe (RBZ) off-loaded stock, said financial concern Zimbabwe Banking Corporation Financial Holdings Limited (ZBFH) recovered 1c to trade at 8c.
The bourse said last week's increase represented a 0,17 percentage change for the preriod under review. Wealthy Delta Corporation Limited (Delta) the blue-chip counter on the bourse improved by 0,70c to close at 78,70c. Counters which did extremely well included financial concern African Banking Corporation Holdings Limited (ABCH), up by 5c to close at 60c, insurer Fidelity Limited (Fidelity) up 2c to close at 11c, banking entity Barclays Bank of Zimbabwe Limited (Barclays) up by 0,3c to close at 7c and Delta also up but by 0,3c to close at 79c.
Delta last week stood at 89c which was among the highest on the bourse. It is currently the ZSE's most heavily capitalised entity and is said to be a
African Sun Limited and Willdale Limited, the bricks manufacturer, lost 0,01c to close at 1,84c and 0,30c, respectively.
The ZSE said week-on-week, the Industrial Index gained 0.44 points which represented a 0,27 percentage change for the period under review.
Counters grabbing the
In fact, it is importing about 41 million litres of the product from neighbouring countries coming at a time when the nation's farming sector is still sneezing after the controversial
Other counters that nose-dived were Edgars Limited (Edgars) the clothing seller which was down by 0,2c to close at 9c, OK Zimbabwe Limited (OK) the former top supermarket chain in the country which was also down but by 0,1c to close at 9,5c, and crocodile skin product seller Padenga Holdings Limited (Padenga) down by 0,03c to close at 6c during the period under review.
The Mining Index, on the other hand, was flat standing at 199.23 points as Bindura Nickel Corporation Limited (Bindura), Falcon Gold Limited (Falgold), Hwange Colliery Company Limited (WCCL), and Rio Zimbabwe Limited (Rio) were mainly unchanged at 8c, 3,50c, 68c, and 145c, respectively.
The ZSE said the Mining Index lost 0.65 points compared to the week ending June 3, which was a 0,33 percentage change for the period. The RBZ has a huge stake in Trcative Power Holdings Limited (TPH) and Astra Holdings Limited (Astra) which are listed on the bourse. The Central Bank is currently selling its shares to concentrate on its core business of financial services and giving cash to the commercial banking sector.
Post published in: Business