The ZSE Insurance Monitor: Old Mutual saves insurers in subdued mid-week trading

The ZSE Insurance Monitor: Old Mutual saves insurers in subdued mid-week trading


HARARE, In a mid-week trading session on which the Zimbabwe Stock Exchange (ZSE) entered a consecutive second day to close in the red, for insurers only Old Mutual traded positive although in a marginal gain of $0.0003 to close at $3.93.

The diversified insurance and financial services group’s marginal gain was on the back of a decent trading activity which saw a total 364,594 shares exchanging hands.

Other insurance players, Fidelity Life Assurance traded flat at $0.14 with a total 180,697 shares trading at a value of $25 297,58. This comes after the company yesterday announced a new funeral cover product called Fidelity Medicover, which is a unique Funeral Cover that offer policy holder’s free drugs cover.  

There were no trades in First Mutual Holdings, Nicoz Diamond Insurance and Zimre Holdings.

 ZSE Listed Insurance Companies

  First Mutual Holdings 

 Fidelity Life Assurance 

 Nicoz Diamond Insurance 

 Old Mutual PLC 

 Zimre Holdings 

Elsewhere, Econet pushed up $0.0015 to trade at $0.3665. Meanwhile, the Industrial Index lost a further 0.07 points (0.04%) to close at 197.85 points. SEEDCO ( traded $0.0337 lower at $1.3663 whilst ARISTON ( dropped $0.0020 to settle at $0.0080. PADENGA ( shed $$0.0010 to trade at $0.2715.


ZSE Listed Companies with Insurance Units


 ZB Financial Holdings                      >ZB Life Assurance

                                                               >ZB Reinsurance 

 FBC Financial Holdings                   > FBC Reinsurance

                                                               >Eagle Insurance

 Getbucks Financial Services           > Getsure 

 Econet Wireless                                > Ecosure

On the upside, HIPPO ( added $0.0150 to close at $0.8250, whilst MASIMBA ( gained $0.0112 to trade at $0.0520 and ECONET ( Other gains were in DAIRIBORD ( which was up by $0.0001 to close at $0.0700.

The Mining index slipped 0.79 points (1.13%) to close at 69.19 points after BINDURA ( went down by $0.0010 to close at $0.0290.  FALGOLD (, HWANGE ( and RIOZIM ( remained unchanged at previous trading levels at $0.0100, $0.0250 and $0.5525 respectively.