ZSE turnover reach $3.5 mln on Econet block deal…Old Mutual resurgence continues

ZSE turnover reach $3.5 mln  on Econet block deal…Old Mutual resurgence continues

By Insurance24

HARARE,  The All Share index’s bullish trend continued on Tuesday closing 0.37% higher at 104.25 on the back of heavyweight gains.  A block trade in Econet saw the day’s turnover rising to $3.4 million from $ 1.5 million in the previous session.

Seed producer Seedco added $0.0846, PPC put on $0.0775 to close at $1.2000 and Old Mutual continued its resurgence by adding $0.0421 to settle at $7.0506. Natfoods went up $0.0200 to $5.4200 and CBZ moved up by $0.0100 to trade at $0.1200.

On the downside, Dawn was $0.0028 lower at $0.0130 whilst Axia and Mash Holdings both lost $0.0025 to close at $0.2475 and $0.0220 respectively. ZPI eased $0.0015 to trade at $0.0175.

The Industrial Index edged up by 1.14 points and the Top Ten Index closed 0.53 points firmer. The Mining Index gained 2.63 points on the back of gains in Bindura.

Meanwhile, apart from Old Mutual other insurers did not trade. These are ZHL, Fidelity, FMHL and Nicozdiamond.

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