Losers dominate trading on Thursday with insurers in little or no action

Losers dominate trading on Thursday


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 values in Axia, OM and PPC.

DAIRIBOARD (DZL.zw) decreased by $0.0240 to close at $0.1100, SIMBISA (SIM.zw) shed $0.0222 to $0.4342 while BINDURA (BIND.zw) eased $0.0096 to end at $0.0456. PPC (PPC.zw) went down by $0.0050 to trade at $0.8650, ECONET (ECO.zw) came off $0.0013 to close at $0.8900 whilst NICOZ DIAMOND (NICZ.zw) was $0.0012 weaker at $0.0385.

Three counters gained ground as OLD MUTUAL (OML.zw) added $0.0095 to close at $4.8176 while AXIA (AXIA.zw) and DELTA (DLTA.zw) each put on $0.0001 to trade at $0.1801 and $1.5551 respectively.


The Insurance Monitor:

Nicozdiamond Insurance, a short term insurer, weakened 3.02% to trade at 0.0385 while Old Mutual gained 0.20% to settle at 4.8176cents.

First Mutual Holdings traded flat at 19.50c, Fidelity Life Assurance and Zimre Holdings did not trade. 

ZSE Listed Companies with Insurance Units


CBZ Holdings                                    >CBZ Life                       

                                                              >CBZ Insurance               


ZB Financial Holdings                      >ZB Life Assurance                                                                                                                                                                                  >ZB Reinsurance         


FBC Financial Holdings                   > FBC Reinsurance     

                                                                 >Eagle Insurance


Getbucks Financial Services             > Getsure 


 Econet Wireless                                > Ecosure