Innscor put on +5,29 percent to close at a 52-week high of 70,02c after its June financials in which the group reported an Earnings Per Share (EPS) of 4,82c (up 65 percent from prior year) and declared a final dividend of 1,20c (dividend yield of 1,7 percent and payout of 24,89 percent).
Subsidiary companies, Colcom Holdings Limited (Colcom) and National Foods Limited (Natfoods) were buyers only at 43c and 90c in the wake of their June finals to be released later today.
Notable gains were also seen in Tobacco Associates (TA) Holdings Limited, ZB Financial Holdings Limited (ZBFH) and African Distillers Limited (Afdis) which put on +1c apiece to close at 15c, 12c and 12c, respectively.
Heavy cap counters dominated the losing pack albeit on thin trades as Econet Wireless Zimbabwe Holdings Limited (Econet) slid a further +2,82 percent (-11c) to close at 379c, Delta Corporation Limited (Delta) lost -0,39 percent to 77,50c while Pretoria Portland Cement (PPC) retreated -0,90 percent (-3c) to 332c.
Lafarge buckled under selling pressure easing -10 percent to close offers at 80c on thin trades. Property group, Zimbabwe Property Industiries Limited (ZPI) lost -7,14 percent to 1,3c ahead of analyst briefing and results presentation today.
Turnover doubled to $1,7 million after volumes traded improved to 17,7 million shares buoyed by foreign sales.
Foreign investors were mainly net sellers with outflows totaling $1,09 million (62 percent of total turnover) against foreign inflows of $77 750.
The most liquid stock for the day was OK Zimbabwe Limited (OK) where 5,2 million shares exchanged hands through a cross at 9,01c in trades worth $464 949.
Other notable trades were in Meikles Africa Limited (MAL), CBZ Financial Holdings Limited (CBZ) and TN Financial Holdings Limited (TN) where 1,1 million; 2,6 million and 2,9 million shares exchanged hands, respectively.
The ZSE's Mining Index, on the other hand, recovered +0,61 percent to 160.94 points on the back of a 0,87 percent recovery in Hwange Colliery Company Limited (HCCL) to 58c.
Rio Zimbabwe Limited (RioZim) traded unchanged at 100c while Falcon Gold Zimbabwe Limited (Falgold) and Bindura Nickel Corporation Limited (Bindura) recorded no trades.
Post published in: Business Analysis