In their Weekly Report for last week stockbroking firm Imara Edwards Securities (Private) Limited (Imara) said turnover had stood in at $2,844,040 on Friday.
The Industrial Index stood at 133.77 points on Friday, up from 133.44 points on Thursday.
The Mining Index, on ther hand, stood at 77.51 points on Friday, down from 76.30 points on Thursday.
The trade was buoyed by Delta Corporation Limited (Delta) and Econet Wireless Zimbabwe Limited (Econet) in the main," Imara said.
"But ABC Financial Holdings Limited (ABC) and AICO Africa Limited (AICO) and Innscor Corporation Limited (Innscor) also contribted significantly."
The stockbroking frim said the Industrial Index rose 0,25 percent on gains in AICO and Innscor.
The Mining Index also lept 1,59 percent following Rio Zimbabwe Limited (RioZim) which firmed 2 cents.
Imara said traded volumes had been generally high last week an notably in normal trading activity as opposed to Special Bargain trades.
"This has coincided with price increases in the small to medium size stock category and is a welcome development," Imara said in its report.
During the week, Cairns Holdings Limited (Cairns), shone on the Zimbabwe Stock Exchange (ZSE) when more than a million shares exchanges hands.
Cairns Holdings went wild when 1,024,006, shares changed hands on the bourse.
The Industrial Index stood at 132.78 points up from 131.97 points previously. The Mining Index, on the other hand, stood at 75.19 points which was similar on the previous day.
These were 0,61 percent and 0,00 percent changes, respectively. Other counters that did the Industrial Index proud were telecommunicxations giant, Econet Wireless Zimbabwe Holdings Limited (Econet) and Pelhamns Holdings Limited (Pelhams).
Econet, led by South African-based mogul, Strive Masiyia and his wife, Tsitsi, continues to shine together with beverages entity, Delta Corporation Limited (Delta). In the top five blue chip grabs were Powerspeed Holdings Limited (Powerspeed), agricultural concern, AICO Holdings Limited (AICO), and property concern, Pearl Properties Limited (Pearl), which seems to have risen from the dead and grabbed "its groove back" on the lack-lustre ZSE.
On the mining side the usually problemmatic Hwange Colliery Company Limited (HCCL) did well when 1,948 shares changed hands. Other mining counters, however, did not trade on the ZSE.
"The bulk of the funds went into Econet and TPH," Imara said. It said ABC Financial Holdings Limited (ABC) pushed up 5 cents to close at 60 cents, while the wealthy Meikles Africa Limited (MAL) advanced 2,50 cents to 18,50 cents and Old Mutual Holdings Limited was up at 9 cents to close at 166 cents.
Counters that did well on the bourse on Monday last week included financial services group ABC, Celsys Holdings Limited (Celsys), heavyweight counter, Econet, and Interfresh Holdings Limited (Intefresh).
On the Mining Index, however, Bindura on Monday, traded with 96, 832 shares changing hands ending at 3,50 cents each.
The other mining counters such as Falcon Gold Zimbabwe Limited (Falgold), HCCL, and Rio Zimbabwe Limited (RioZim), remained unchanged.
The ZSE has already pointed out that for the six months to June 30, 2012, the Industrial Index lost 9,35 percent closing at 131.96 points.
"Minings lost due to the loss in Hwange," the ZSE said. "For the half year to June 30, 2012, the Mining Index lost 24,8 percent to close at 76,70 points," the ZSE said. Last week, stockbrokers said high investor risk aversion and competition from fixed income securities continues to stifle trade in equities.
Post published in: Business