ZSE opens week on a high, market cap nears $12bln

ZSE opens week on a high, market cap nears $12bln

HARARE, October 2 (The Source) – The Zimbabwe Stock Exchange’s main industrial  gained  0.6 percent on Monday to 420,91 points while the mining index advanced 6,44 percent to close at 130,46 points.

Market capitalisation stood at $11,94 billion while market turnover amounted to $5,5 million for the day.
Delta and Econet marginally gained 0,27 percent and 0,22 percent to close at to settle 275,77 cents  and 85,08 cents respectively.

Old Mutual gained 4,9 percent to settle at 964,9 cents while SeedCo advanced 1,2 percent to close the day at 964,59 cents.

OK Zimbabwe advanced 0,5 percent to settle at 30,15 cents.

Edgars and FBC were among the major gainers increasing by 16 percent  and 9,09 percent to settle at 5,8 cents and 24 cents respectively.

British American Tobacco also advanced  2,48 percent to settle 3,100 cents respectively.

Losses were  in Wildale which eased 18,99 percent to trade at 0,64 cents.

Turnall and RTG eased 10 percent and 7 percent to settle at 1,26 cents and 0,93 cents in that order.

Meikles and Fidelity Life eased 2,15 percent and 1,09 percent to trade at 38,16 cents and 13,6 cents respectively.

On the mining space, Bindura gained 20 percent to settle at 6 cents while FalGold, Hwange and Riozim remained unchanged.

Foreigners were net sellers in the day, disposing of shares worth $42,666  compared to buys of $136,802.