ZSE sheds 10pct as market stabilises

HARARE, December 10 (The Source) – The Zimbabwe Stock Exchange mainstream index shed 10,16 percent to close the week on 335,97 points, on losses in selected heavyweight counters as punters see positives in the country’s economic direction. The mining index however gained 4,67 percent to… Read More

Alternative market Finsec comes alive

HARARE, December 4 (The Source) – Zimbabwe’s alternative trading platform, Financial Securities Exchange (Finsec) recorded a total turnover of $1,2 million in November, the highest since its inception, as investors seeking diversification embrace the platform. On Wednesday, Infrastructure Development Bank of Zimbabwe (IDBZ) became the… Read More

ZSE edges higher on renewed confidence

HARARE, November 30 (The Source) – The Zimbabwe Stock Exchange advanced 1,51 percent on Thursday to close at 376,69 points while the mining index added 0,12 percent to settle at 126,86 points. The country’s new President Emmerson Mnangagwa has promised to revive the country’s ailing… Read More

Gains in heavyweights push ZSE higher

HARARE, November 29 (The Source) – The Zimbabwe Stock Exchange mainstream index added 5,44 percent to close at 371,09 points on Wednesday, attributable to gains by some heavyweights. The mining index added 0,06 percent to settle at 126,71 points. Market capitalisation stood at $10,6 billion… Read More

PPC reject Fairfax deal

HARARE, November 23 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) has turned down Fairfax Africa Investments’ partial offer, saying was not ‘fair and reasonable.’ PPC had appointed Investec Bank to provide an opinion in respect of the partial offer, which concluded that… Read More

Zim stocks extend gains

HARARE, November 5 (The Source) – The Zimbabwe Stock Exchange (ZSE) industrial index gained 2.2 percent to 525,63 points after a recovery in some heavyweight counters.The mining index also gained 2,37 percent to close at 140,5 points. Market capitalisation increased by 2,25 percent in the… Read More

ZSE cools down after week of losses

HARARE, October 29 (The Source) – Profit-taking in selected counters saw the Zimbabwe Stock Exchange’s main industrial index lost 0,66 percent to close the week on 514,3 points, on losses in selected heavyweight counters.The mining index however gained 6,5 percent to close at 137,25 points,… Read More

Delta buys Zambia’s National Breweries

HARARE, October 13 (The Source) – Listed beverages manufacturer Delta Corporation, (Delta), says it is set to acquire a controlling stake in Lusaka Stock Exchange-listed sorghum beer company, National Breweries Plc (NatBrew), from its parent firm, Anheuser-Busch InBev SA/NV (AB InBev).Company secretary Alex Makamure said… Read More

Heavyweights buoy ZSE

HARARE, October 4 (The Source) – The Zimbabwe Stock Exchange on Wednesday advanced 1,27 percent to 432,96 points while the mining index gained 0,82 percent to 140,71 points on heavyweights. Market capitalisation reached $12,2 billion while market turnover amounted to $3,6 million. Delta gained 0,22… Read More