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

Zimasco to retrench 1,500

KWEKWE, February 7 (The Source) – Ferrochrome producer Zimbabwe Mining and Smelting Company (Zimasco) says it will retrench half of its 3,000 workforce, citing poor metal prices and the need to contain operational costs. “Zimasco continues to pursue various cost cutting initiatives in all its… 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