Market retreats in mid week session as Fidelity Life Assurance finally moves

Market retreats in mid week session as Fidelity Life Assurance finally moves

Insurance24

HARARE, The market traded on the back foot with losses in most counters. The All Share Index and the Top 10 Index both lost 0.62 points. The Industrial Index retreated 2.13 points with losses in CBZ, Econet, Hippo and Innscor. Turnover was decent at USD 1,168,440 with good trade values in Old Mutual and PPC. The Mining Index closed the session flat at 142.42 points.

HIPPO VALLEY (HIPO.zw) dropped $0.0600 to close at $1.7000, INNSCOR (INN.zw) eased $0.0400 to $0.9500 while FIDELITY LIFE (FIDL.zw) lost $0.0215 to end at $0.0885. CBZ HOLDINGS (CBZ.zw) went down by $0.0205 to trade at $0.1000 and ECONET (ECO.zw) was $0.0087 weaker at $0.8913.

OLD MUTUAL (OML.zw) put on $0.0081 to close at $4.8081, DELTA (DLTA.zw) shifted up $0.0025 to $1.5550 while PADENGA (PHL.zw) added $0.0015 to settle at $0.5500. MEIKLES (MEIK.zw) rose by $0.0012 to end at $0.2997.

The Insurance Monitor:

Fidelity Life Assurance finally witnessed a share movement in as many days albeit on a losing streak. The company lost $0.0215 to close at $0.0885.

Old Mutual surged 0.17% to trade at $4.8081. The group is among today’s top risers.

First Mutual Holdings traded flat at 19.50c, while Nicoz Diamond Insurance and Zimre Holdings did not trade.

ZSE Listed Companies with Insurance Units

CBZ Holdings >CBZ Life >Price Change%

>CBZ Insurance 0.10c -17.01

ZB Financial Holdings >ZB Life Assurance >ZB Reinsurance

FBC Financial Holdings > FBC Reinsurance

>Eagle Insurance

Getbucks Financial Services > Getsure

Econet Wireless > Ecosure >Price Change%