CBZ Financial Holdings Limited (CBZ) put on +3,45 percent to 15c albeit on thin trades as investors applauded a good set of interims while ABC Financial Holdings Limited recovered +5,88 percent to close at 90c.
The wealthy Meikles Africa Limited (MAL) put on +3,73 percent to 25c on heavy buying as 499 778 shares exchanged hands.
Agro-industrial concern, AICO Limited added +2 percent to 25,5c after the group Chief Executive at an Annual General Meeting (AGM) yesterday, said they expected improved performance from the three subsidiaries for the Financial Year 2012.
Banking group Barclays Bank Zimbabwe Limited (Barclays) was unchanged at 6c on thin trades.
The group sneaked their interims numbers in which they reported their first ever profit since dollarisation. The bank reported an Eearnings Per Share (EPS) of 0,03c per share from a bottom line of $928 453.
The group’s performance continues to be weighed down by retrenchment costs.
Construction group, Murray & Roberts (Zimbabwe) Limited (M&R) slipped -9,38 percent to 14,50c and closed with a distant bid at 12c while Cafca Limited and African Sun Limited lost -9,08 percent apiece to close at 50c and 0,9c, respectively.
Trading remains subdued with turnover below the $1 million mark for the third consecutive trading session. By close of trades, volumes declined to 6,4 million although turnover slightly improved to $988 980.
Foreign inflows and outflows remain somewhat depressed closing at $187 621 and $311 281 respectively.
Heavy weights, Delta, Econet Wireless Holdings Limited, Meikles, AICO and Hippo Valley estates Limited accounted for 65 percent of total value traded.
The ZSE's Mining Index, on the other hand, slipped -1,06 percent to 162.77 points.
The impressive gain in Rio Zimbabwe Limited (RioZim) proved a false start as the counter retraced its way down easing -5,26 percent to close offers only at 90c. Despite being profitable on operations, the mining group is haunted by excessive short-term borrowings whose interest charges of $6,4 million chewed up profitability to see group close the interim period down -$5,2 million in bottom line.
Another major mining concern, coal producer Hwange Colliery company Limited (HCCL) traded unchanged at 60c.
Post published in: Business