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

ZSE index weakens further

HARARE, January 23 (The Source) – The stock market weakened further on Thursday with the main industrial index shaving off 2.43 points to end at 198.98 points as the bearish sentiment persisted. Losses in market movers, Delta and Econet as well as Hippo helped maintain… Read More

ZSE index falls below 200-point mark

HARARE, January 22 (The Source) – The equities market slipped below the 200-point mark on Wednesday, shedding 2.87 points to 198.98 points weighed down chiefly by losses in Old Mutual, Delta and Innscor. Analysts, who say the market is overpriced, expect more downside ahead of… Read More