Market weakness persist in mid week trading, Only Old Mutual trade for insurers
Insurance24: Insurance Monitor
HARARE, The market weakness persisted in mid-week trading led by a 10.0% drop in Old Mutual despite a decent traded volume of 50,669 shares. On this day, all other insurance companies Fidelity, First Mutual Holdings Limited, Nicozdiamond and ZHL did not trade.
The market is still pessimistic
NMB Bancassurance unit registers strong growth since inception: CEO
Insurance24
HARARE, NMB Bank,s Bancassurance unit launched in 2013, has according to Chief Executive Officer Ben Washaya seen strong growth over the years also buoyed by a suite of life assurance products introduced in 2017.
The bank launched a Bancassurance unit in 2013, predominantly selling short term insurance products underwritten
Activity improves on ZSE in Tuesday’s session, as only Old Mutual trade for Insurers
Insurance24
Harare, Activity on the Zimbabwe Stock Exchange (ZSE) improved in Tuesday’s session on the back of decent buying in the blue chip category.
Turnover increased to close at $2.9mln from $1.7mln in the previous session. Decent trade values were posted in Delta, Econet and Seedco.
The All Share Index advanced
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ZB suspends plans for offshore insurance unit in anticipation of improved nostro and foreign currency situation.
Insurance24 Reporter
HARARE, ZB Financial Holdings says has in the meantime put on hold plans to set up offshore insurance services in order to monitor how the new country administration will address nostro and foreign currency issues.
Chief executive officer Roy Mutandagayi told Insurance24
Old Mutual saves day for insurers as ZSE close in the red
Insurance24
Harare, The Zimbabwe Stock Exchange (ZSE) closed in the red as sellers continued to dominate. In today’s session, foreign buys amounted to $705,675 while foreign sales were at $396,874. Turnover was decent at $2.1 mln with notable trades in Delta, Old Mutual and Seedco.
The Industrial Index lost 4.16 points on the back of marked
ZHL and Old Mutual trade for insurers as turnover increases to $2.4 mln
Insurance24
Trading on the Zimbabwe Stock Exchange (ZSE) improved as investors continued to lock funds mostly in the blue chip category.
CRAIR discusses Zimbabwe’s new economic trajectory, as ZSE opened week depressed
Insurance24
HARARE, The Centre for Risk Analytics and Insurance Research (CRAIR) will this Wednesday conduct a meeting whose guest speaker is Finance and Economic development Minister Patrick Chinamasa.
The breakfast meeting whose topic is “Zimbabwe’s New Economic Trajectory: Renaissance and Growth also have
Losers dominate trading on Thursday
Insurance24
HARARE, The market traded in the red with trading dominated by losers. The All Share Index was down, 0.37 points on the back of a 7.60 points loss in the Mining Index and a 0.19 points loss in the Top Ten stocks.
The Industrial Index closed 0.83 points weaker with losses in CBZH, DZLH, Econet and PPC. Turnover was stable at USD 1,042,653 with good trade
Masawara Plc seek to raise private equity capital, as Mutasa spells out future
Insurance24 Reporter
Harare, Masawara Plc, post de-listing from the AIM will seek to raise private equity capital to grow its various businesses.
The group is an investment company focussed on Zimbabwe and neighbouring countries, other than South Africa.
“I am confident of the Group’s ability to attract development