CBZ deal boosts ZSE’s turnover

Business Writer

Foreign investor (s) bought a 1.2 percent stake in Zimbabwe Stock Exchange listed entity CBZ Holdings yesterday.

The shares were valued at $374.6 million or US$4.6 million.

A total 8,712,767 CBZ shares were traded at an unchanged price of $43,90.

The deal helped the ZSE’s overall turnover reach $436,545,581 with a good portion amounting to $32,7 million going into Delta. Delta closed the day at $14.77 with a marginal 0.17 percent gain.

Also among the risers was Innscor up 13.31 percent to $24.49

The gains helped the overall market close positive with the All Share Index closing 0.81 percent positive at 1,520.83.

The market was however not short of losers with SeedCo falling the most down 11.34 percent.

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