Delta boost ZSE trade

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More than 24,6 million Delta shares exchanged hands on Friday boosting trade on the Zimbabwe Stock Exchange and ensuring its positive run continued.

Week-on-week the industrial index was 2,20 points (1,57%) firmer.

Total value for the beverage manufacturing firm were $17,28 million.

In Friday’s trade Delta put on 0,50 cents to trade at 70 cents.

Anthea Alexander, an Associate at Renaissance Capital, said Delta, Innscor and Econet were likely to benefit from disposable income growth.

Alexander said demand growth for their products suggests consumer spending continues to grow, driven by formal and informal market activity.

The industrial index pushed up further 1,67 points (1,19%) to close at 142,10 points in a trading session dominated by positive trades.

Aico Africa advanced 4 cents to 20 cents despite having issued a second cautionary statement this week advising shareholders that directors are still engaged in negotiations, which if successful could have a material impact on the price of the company’s shares.

Meikles was 1,51 cents firmer at 19,01 cents and Old Mutual gained 1,33 cents to 130,33 cents.

Colcom, Radar and SeedCo inched up a cent each to trade at 31 cents, 16 cents and 116 cents in that order.

Zimplow was 0,70 cents firmer at 8,50 cents and Innscor gained 0,99 cents to 57 cents. Hunyani was 0,50 cents solid at 6,50 cents.

On the negative were PPC down 20 cents to trade at 190 cents, Econet lost a cent to 384 cents and TA slipped 0,50 cents to 14 cents. M&R eased 0,40 cents to 9,10 cents.

The mining index week-on-week was 1,76 points (2,17%) solid despite losing 0,13 points (0,16%) to close at 82,76 points.

Falgold retreated 0,99 cents to 6,01 cents and Bindura was down 0,40 cents to settle at 3 cents. Riozim advanced 5 cents to 35 cents. Hwange was unchanged at previous levels.