Activity improves on ZSE, as Old Mutual goes it alone for insurers

Activity improves on ZSE, as Old Mutual goes it alone for insurers

Insurance24

HARARE, Market activity was decent with turnover closing at USD 1.6m. Trades of note were posted in Delta, Econet, PPC, OM and Seedco. The market recovered marginally with the All Share Index closing the day 0.28 points firmer.

The Industrial Index was up 0.94 points while the Mining Index closed flat with no activity in the subsector. The Top Ten Index was up 0.26 points on the back of gains in Delta and Innscor.

Meikles gained a significant $0.0350 to close at $0.3500, Delta improved by $0.0323 to end at $1.6511 while PPC was up by $0.0014 to settle at $0.8014. Innscor added $0.0006 to $0.8031, Axia rose by $0.0004 to $0.1805 whilst Econet inched up by $0.0001 to close at $0.7001.

However, British American Tobacco went down by a hefty $1.0492 to end at $28.9500, Seedco eased $0.0047 to close at $2.0053 while Padenga came off $0.0013 to $0.4787. Barclays went down by a marginal $0.0001 to settle at $0.0450.

Insurance Monitor

Old Mutual traded flat at $5. All other insurers ZHL, Fidelity, FMHL and Nicozdiamond did not trade.