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Trading was fairly bullish as gaining counters outnumbered losers by 19 to six.
Fast food giant Innscor Corporation Limited and banking group Barclays Bank Zimbabwe Limited were the only heavy cap counters to trade in the negative after losing -0,97 percent and 0,79 percent to close at 61,4c and 6,25c, respectively, while the bulk of heavy caps remained unchanged at previous levels.
Econet Wireless Holdings Zimbabwe Limited was stable at 469,50c; Delta Corporation Limited was unchanged at 79,11c while Hippo Valley Estates Limited traded flat at 110c.
AICO Limited added +1,63 percent to close at a 52-week high of 25c on 601 248 shares worth $150 312. The counter has seen a significant price re-rating following impressive 2010 financial results indicating that they have turned the corner.
Furniture group Pelhams Limited led the charge putting on +33,33 percent at 0,40c as Starafrica Corporation Limited added +5,56 percent at 1,90c. Starafrica is reportedly selling off some of its properties to retire and restructure its choking debts.
Other counters which had hit lows following weak financials, ART Corporation Limited (ART) and African are on the amends after adding +3,33 percent and +1,54 percent at 0,62c and 1,32c, respectively. Losses were limited to a worst of -4,76 percent in Interfresh Holdings Limited which closed at 0,20c while Pearl, Padenga Holdings Limited and African Distillers Limited (Afdis) recorded losses of -3,91 percent, -3,33 percent and -3,08 percent to close at 2,70c, 5,80c and 12,60c, respectively.
Volumes traded were largely confined to light weight counters.
Turnover declined -27,16 percent to just over $1,1 million despite a 330 percent growth in volumes at 24,7 million.
Celsys and Dawn Property Holdings Limited (Dawn) saw the largest volumes of 13,5 million and 5 million, respectively, while Starafrica was distant third at 1,8 million shares.
Foreign investors were net buyers with purchases amounting to $390 302 against sales of $72 853.
The Mining Index, on the other hand, was largely unchanged at 162.18 points just -0,04 percent lower after losses in Falcon Gold Limited (Falgold) cancelled off gain in Bindura Nickel Corporation Limited.
Bindura closed the week 6 percent up at 7c while Falgold slipped -12,50 percent at 3.50c.
Post published in: Manufacturing