Shares Close Firm Albeit On Thin Trades Ahead Of Busy Corporate Calendar

Shares on the Zimbabwe Stock Exchange (ZSE) closed the day in positive albeit on mixed trades ahead of a busy corporate calendar with four analyst briefings and results presentations.

The mainstream index put on +0,27 percent at 161.01 points spurred by Innscor Corporation Limited which added +0,96 percent at 63,2c on buying pressure, Murray & Roberts (Zimbabwe) Limited (M&R) recovered +6,67 percent at 16c while SeedCo Limited closed +0,12 percent firmer at 123,15c and FBC Financial Holdings Limited which put on 3,90 percent at 8c ahead of its interims.

Trading was, however, thin as value traded declined well below the $1 million mark at $766 942 despite a 31 percent jump on volumes traded at 17 million shares.

Volume were largely confined to micro cap stocks such as Steelnet Holdings Limited and African Sun Limited where 4,7 million and 3,6 million shares, respectively, traded.

Weighing down on the Industrial Index was Delta Corporation Limited which slipped -0,38 percent at 78,7c, AICO Limited was marginally lower at 25,49c, while OK Zimbabwe Limited and Old Mutual Limited lost -4,50 percent and -0,34 percent at 9,55c and 145,5c, respectively.

Banking group CBZ Financial Holdings Limited (CBZ), was the only heavy cap counter to trade big volume after 1 278 293 units exchanged hands in trades worth $186 116.

CBZ traded -0,95 percent lower at 14,56c and closed with offers at 14,6c with no bids ahead of results presentation.

Turnal Holdings Limited traded unchanged at 14,30 ahead of results presentation while another banking, counter NMBZ Holdings Limited, was buyers only at 1,3c.

The resources sector firmed +1,72 percent at 160.51 points buoyed by gains in Rio Zimbabwe Limited (RioZim) which closed +7 percent higher at 85,60c.

Bindura Nickel Corporation Limited (Bindura) recovered +10,20 percent at 5,51c as Falcon Gold Limited (Falgold) closed buyers at 4c while Hwange Colliery Company Limited (HCCL) was offers only at 65c.

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