THE Zimbabwe Stock Exchange (ZSE) this week registered its first special bargain of the year with shares worth $4,5 million being snapped from Delta by mostly foreign buyers.
By Business Reporter
The special bargain was the first since the beginning of the year and a total of four million shares were sold under the transaction.
A special bargain is where shares are acquired for higher or lower than their market value. The price is negotiated between the buyer and the seller.
The special bargain occurred on Wednesday and it resulted in foreigners taking the shares from the beverages company.
The foreigners took less than 1% of Delta.
The shares were sold at 115 cents. Delta has over one billion shares.
The ZSE this year recorded one special bargain as compared to more than four handled in the first quarter of 2013.
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Analysts said this indicated that there has not been more volumes available compared to last year same period.
Delta is the top company on the ZSE in terms of market capitalisation.
Meanwhile, the industrial index yesterday shed 0,67 points to close at 174,68 points with Lafarge, Hippo, Old Mutual, Fidelity Life, Masimba and Econet having eased.
Astra gained 0,50 cents and Mashonaland Holdings gained 0,01 cents to trade at 2,01 cents and 0,96 cents respectively.
The mining index on the other hand remained flat at 28,82 points with the four mining firms having maintained previous trading levels.
