ZSE in positive trade


The Zimbabwe Stock Exchange (ZSE) yesterday closed in positive territory with 13 counters gaining.

Only five counters traded in the negative. Counters that traded in the positive include Seed Co, Meikles, Aico Africa, FBCH, Delta, Econet, Colcom, African Sun, TN, Innscor, National Foods, CBZ and Starafrica.

Afre, Colcom, Dairibord, Econet and Mash were in the negative territory. The benchmark index rose by 0,22 points to close at 140,43 points due to gains from heavyweight counters.

Seed Co moved up four cents to trade at 115 cents, Meikles, Aico Africa, FBCH traded at 17,50 cents, 16 cents and six cents respectively. While Afdis and Delta were both up 0,50 cents at 11 cents and 69,50 cents respectively.

Econet led the shakers with a 10 cents loss at 385 cents. Colcom traded at 30 cents and Dairibord gave up 0,49 cents to close at 18,5 cents.

Afre lost 0,30 cents to trade at 3,20 cents and Mash dropped 0,05 cents to trade at 2,35 cents.

The mining index remained stagnant at 82,89 points as Bindura, Falgold, Hwange and RioZim were at previous levels.

The mining index gained 1,47 points to close at 102,17 points on the first day of trading with Bindura being the only mining counter to trade in the positive territory.

On Wednesday the industrial index advanced 0,03 points to close at 140,21 points with Old Mutual leading the movers gaining 3,99 cents to settle at 1,29 cents.

TA Holdings was 2,50 cents firmer at 14,50 cents while Fidelity Life traded at 18,30 cents. Pioneer, Afre and Meikles traded at seven cents, 3,50 cents and 15,50 cents respectively.