Market activity subdued on Tuesday as CBZ Life sets to unveil employee benefits scheme

Insurance24

HARARE, Investors remained cautious amid subdued activity on the Zimbabwe Stock Exchange (ZSE). Decent trades in Delta and OM carried the day lifting market turnover to a respectable $2 mln.

The All Share Index added a mere 0.01 point while the Top 10 Index added 0.08 points. Notable upward movements were restricted to PPC and OM. The Mining Index closed flat with no activity in the subsector.

Old Mutual shifted up by $0.0908 to close at $5.2000, PPC (PPC.zw) rose by $0.0500 to end at $0.9000 while Padenga added $0.0028 to $4800. Proplastics was $0.0010 stronger at $0.0760.

Three counters went down as Zmre Holdings shed $0.0039 to trade at $0.0260, Axia eased $0.0010 to end at $0.1800 while Delta closed at $1.6600 following a $0.0008 loss.

Insurance Monitor

>CBZ Life, unit of Zimbabwe’s biggest Commercial Bank CBZ Holdings will this week unveil an employee benefits scheme.

Zimre Holdings and Old Mutual traded among the insurers albeit on different spheres. ZHL traded in the negative while Old Mutual was among today’ top risers after gaining 1.78%.

Other insures Nicozdiamond, Fidelity, FMHL remained stuck at their previous prices with no trades.