INTERFRESH share price remained unchanged despite the recent acquisition of a significant portion of land owned by the agro-industrial concern.
Business Reporter
The stock has bid only at $0,15 since Monday with no sellers in sight.
This week, Interfin warned of a 30% slump in revenue after a huge portion of the citrus estate was acquired, blighting the company’s hopes of returning to profitability.
Indications are that First Lady Grace Mugabe recently took over control of about 1 600 hectares of land which was part of Mazoe Citrus Estate.
During yesterday’s trade, the industrial index closed in the positive territory for the 11th consecutive day after advancing 1,48 points (0,91%) to close at 163,33 points.
BAT rose 20c to 420c, Old Mutual (OML.zw) was up 4,90c to 170c and Econet gained 3,99c to trade at 510c.
Delta added 1,93c to 110c after the beverage company released its third quarter trading update for the period ending December 30, which indicated that revenue was 14% during the period under review.
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Insurance firm, Fidelity Life inched up a cent to settle at 11c and Innscor rose 0,90c to 79c as it continues to shrug off compliance threats over its indigenisation and empowerment plan. Turnall was 0,50c firmer at 6c.
However, Meikles slipped a cent to 23c. Property company, Pearl retreated 0,25c to settle at 2,30c, CBZ was down 0,20c to 10c and Aico Africa eased 0,10c to close at 9c.
The mining index was 0,01 points (0,01%) weaker at 73,13 points. RioZim lost 0,01c to 57,99c. Bindura, Falgold and Hwange were unchanged at the previous trading level.
