HomeNews50m OK shares exchange hands

50m OK shares exchange hands

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Fifty million OK Zimbabwe shares valued at $5,25 million exchanged hands in a special bargain at the Zimbabwe Stock Exchange yesterday.

A special bargain is where shares are acquired for higher or lower than their market value. The special price is negotiated between the buyer and the seller.

The deal, however, failed to stem the slide of the industrial index, which was down 0,54 points (0,39%) to close at 136,29 points.

The OK shares were sold at 10,5 cents each.
Cafca dropped seven cents to trade at 62 cents, PPC slipped five cents to 240 cents while Delta eased a cent each to settle at 67 cents.

CBZ gained 0,50 cents to six cents on news that PTA had extended $60 million for on-lending to small-to-medium enterprises.

DZLH and Fidelity Life inched up 0,10 cents to 17,10 cents and 16 cents respectively. Mashonaland Holdings was 0,05 firmer at 2 cents and African Sun pushed up 0,02 cents to 0,75 cents.

The mining index closed at 85,71 points after gaining 0,70 points. Riozim had firm bid at 52c while Bindura, Falgold and Hwange remained unchanged.

On Monday there was a $5 million special bargain in Hippo Valley shares.

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