ZSE opens week firmer on turnover, as insurers extend being inactive
By Insurance24
HARARE, The Zimbabwe Stock Exchange (ZSE) opened the week decent in terms of turnover which closed at $2.5 mln, but for insurers activity was only limited to Old Mutual (OM) which traded flat.
OM, a diversified financial services group and insurer has supported several economic projects and is currently constructing an SMEs Mall in Harare which is one of the largest malls in Africa.
The giant insurer traded at 540c and saw a total 32 000 shares exchanging hands. Other Insurers ZHL, FMHL, Fidelity and Nicozdiamond extended their non-active stance on Monday.
Meanwhile, notable trades were recorded in Art, Barclays, Hippo and OM. The All Share Index lost ground, retreating a marginal 0.54 points on the back of a 1.84 points loss in the Industrial Index.
The Top Ten Index was down 0.92 points with losses in BATZ and Econet. The Mining Index was flat with no activity in the subsector.
Cigarette manufacturer British American Tobacco lost a further $2.3138 to close at $20.0000, Padenga shed $0.0093 to close at $0.4200 while Delta came off $0.0069 to $1.5600.
Powerspeed went down by $0.0064 to close at $0.0686, CBZ Holdings eased $0.0021 to trade at $0.1029 and Econet closed at $0.6779 following a $0.0018 loss.
Trading in the positive two counters gained ground; Barclays added $0.0075 to end at $0.0505 and Innscor put on $0.0006 to settle at $0.9214.
