ZSE poor run continues

HARARE, February 11 (The Source) – The equities market’s poor run continued on Tuesday with analysts saying the share prices are being adjusted in line with earnings expectations for companies reporting 31 December financials. “Weak earnings growth and declining earnings are expected for most companies… Read More

Equities bearish in slow session

HARARE, February 10 (The Source) – The equities market opened the week bearish, with the industrial index losing 0.30 points to 192.21 points in a session that saw only three counters recording any sort of movement. Zimbabwe’s largest financial services group, CBZ was the only… Read More

Equities remain bullish

HARARE, February 5 (The Source) – The equities market remained bullish on Wednesday, with the industrial index gaining 0.38 points to close the day at 191.89 points driven by gains in cement maker PPC and selected blue chip counters. PPC added 5.01 cents to trade at… Read More

Delta recovery boosts ZSE index

HARARE, February 3 (The Source) – The industrials index’s  recovery continued on Monday, adding 0.55 percent to 190.29 points with support from positive trades among several counters, particularly Delta and Econet. Delta traded 2.39 cents higher to 121 cents, with a turnover of $412 000… Read More

ABC minorities snub buyout offer

HARARE, January 28 (The Source) – Minority shareholders of financial group, ABC Holdings have snubbed the mandatory buyout offer by major investor ADC Financial Services, with just 17 percent being taken up on the Zimbabwe and Botswana registers, the company said on Tuesday. Just 0.15… Read More