Three insurers trade on Tuesday as turnover close at $2.02 mln. UK investors to meet private sector

Three insurers trade on Tuesday as turnover close at $2.02 mln. UK investors to meet private sector

By Insurance24

HARARE, Three Insurers, saw their shares trading on Tuesday with the market closing firm with the All Share Index closing 0.67% stronger at 112.88. Nicoz Diamond was flat at 0.03c while Zimre Holdings lost 0.433% to close at 230c while Old Mutual was also lower, closing at 69628c. For the insurers, only Fidelity and FMHL did not trade.

Market activity has been improving as investors seek safe havens for their investments ahead of the general elections slated for July 2018. On other hand, the market has benefited from the improved investor sentiment towards Zimbabwe.

Only this morning, a British delegation representing diverse investors met with Cabinet and committed to doing business in Zimbabwe. Some of the global companies that were represented include that of Coca-Cola, Bank of America Merril, Lynch, Credit Suisse, Filedstone, Silverstreet Capital among others.

The delegation which is in the country is also set to meet private players as well as opposition party leaders.

Meanhwhile, the markert turnover was solid at $202 mln on good contributions coming from Econet, Hippo, Ok Zimbabwe, Old Mutual and Padenga.

Econet increased by $0.0486 to close at $1.0983, Innscor traded firmer at $1.3500 after putting on $0.0300 and Delta was up $0.0103 to trade at $2.2103.  OK Zimbabwe also added $0.0083 to close at $0.2182 and TSL gained a marginall $0.0080 to settle at $0.4100.

Trading in the negative, Simbisa was $0.0097 lower at $0.4600 and Dairibord was $0.0058 weaker at $0.1500. PPC also lost $0.0025 to trade at $1.4975 and Starafrica Corporation closed at $0.0179 after losing $0.0017.

The Mining Index was up 0.24 points to close at 151.77 points after recording a gain in Bindura that closed the session at 5.20c.

 

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