The recovery was spurred by heavy cap counters which saw Delta Corporation Limited (Delta) and SeedCo Limited (SeedCo) put on +1c apiece to 80c and 125c, respectively, Innscor Corporation Limited (Innscor) added an impressive +3,37 percent (+2.09c) to 64.10c while Dairibord Holdings Zimbabwe Limited (DHZL) was firm buyers at 28,50c.
Light weight counters dominated the top performers after the duo of Interfresh Limited (Interfresh) and Medtech Holdings Limited (Medtech) advanced +50 percent each to 0,3c and 0,15c, respectively, while Cairns Foods Limited (Cairns) and Plate Glas Industires (PGI) added +20 percent each to 1,8c and 3c, respectively.
Local investors dominated today’s trading session accounting for 82 percent of purchases and 90 percent of sales as foreign investors await improvement in political landscape.
Foreign investors’ participation amounted to $519 003 and $302 647 on the buying and selling side, respectively.
Telecommuncations giant, Econet Wireless Holdings Limited (Econet) was the favorite counter of the day constituting 63 percent of total turnover after 384 161 shares worth $1 813 320 were traded at a stable price of 472c.
Other notable trades were seen in cement producer, Larfage Limited (Lafarge) were the price firmed +5,82 percent (+4.95c) after 116 577shares traded at 90c in trades worth $104 919 while PGI added 20 percent at 3c after a cross of 1,1 million shares.
The resources sector continue to tread on slippery ground losing a further -3,38 percent (5.64 points) to 161.08 points to fall below the Industrial Index for the first time in 52 weeks.
Coal mining giant , Hwange Colliery Company Limited (WCCL) slipped -5 percent (-2.90c) to close 55,1c while Rio Zimbabwe Limited (RioZim) was 4,35 percent lower at 110c.
Post published in: Business Analysis