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the industrial index 0,35 percent to close at 144,25 points.
The special bargain deal was at a stable price of US72c.
The deal executed by Imara Securities lifted the day’s turnover to US$3,5 million on 8 501 316 shares. Delta, has been hovering between US70c and US75c for the greater half of the year. Noticeable gains were also recorded in Econet where 213 000 shares valued at US$852 000 crossed at a stable price of US400c.
Delta Corporation, controlled 36,9 percent by SABMiller of South Africa, is still the most capitalised counter on the ZSE valued at US$847 million. It has 1,179 billion issued shares. Long-term investors, both
local and foreign, have continued to show interest in the country’s biggest company by market capitalisation, given its strong performance, increased production and forecast.
Delta dominates Zimbabwe’s corporate landscape and following the release of its full-year results for 2011, its market capitalisation was expected to top US$1 billion.
However, the share price has failed to trade in tandem with its fundamental value, given the fact that the second largest company on the exchange is trading at US400c.
Delta registered a 47 percent increase in profit after tax to US$30,2 million in the interim period to September 2011, driven by strong beer volumes.
Revenue for the group went up 41 percent over last year to US$254,8 million against a 23 percent growth in total beverages volume. Delta would spend US$78 million to expand operations in the full-year to March 2012, up from the initially budgeted US$67 million.
In yesterday’s trades, other gains were recorded in ABCH, adding US5c to trade at US75c as Innscor rose US1,92c to close at US55,50c. Aico Africa was up US0,90c to settle at US19,90c and Mash inched up US0,20c to US2,80c.
Meikles lost US3, 50c to close at US20,50c. TPH went down US2c to close at US8c, TSL slipped a cent to US7,50c and Turnall which fell US0,50c to close at US10,50c. The mining index lost 2,35 percent to close at 115,29 points as Falgold and RioZim pared down US0,50c to trade at US6c and US49,50c respectively.
Bindura was unchanged at US4,50c while Hwange was offered at US43c.
Online Reporter