Nicozdiamond down 19.48% as market halts losses

Nicozdiamond down 19.48% as market halts losses

By Insurance24

HARARE, The Zimbabwe Stock Exchange (ZSE) halted the losses that had characterized the bourse in the last trading days. The All Share Index closed the day a marginal 0.03 points in the positive, with the Top 10 Index putting on 0.035 points. The Mining Index closed the day flat with no trades in the sector.

Turnover was decent at $3.1 mln with good trades in BATZ, Delta and Innscor. Trading activity continued to be strong in the blue chip category.

Diversified conglomerate Innscor put on $0.0226 to close at $0.8767, retailer OK Zimbabwe was up by $0.0050 to $0.1650 while mobile network provider Econet rose by $0.0011 to end at $0.7000.

Seed giant, Seedco inched up by $0.0007 to close at $1.9500. However, cigarette manufacturer British American Tobacco shed $0.0500 to close at $24.3500, Simbisa which issued a circular in the morning on the proposed listing on the London Stock Exchange dropped $0.0200 to $0.4000.

Cement manufacturer PPC decreased by $0.0056 to trade at $0.8500 and ZPI  which recently commissioned on its multi-million complex in Victoria Falls slipped $0.0005 to $0.0190.


Insurance Report

Nicozdiamond was $0.0075 weaker at $0.0310. The company is currently majority owned by First Mutual Holdings which did not trade in today’s session. Old Mutual was not among today’s favorites and traded flat at 530.00 c for a second consecutive day.  Fidelity Life Assurance and Zimre Holdings did not trade.