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THE Zimbabwe Stock Exchange industrial index marginally rose yesterday, lifted by gains in Delta Corporation and National Foods Ltd, while the mining index remained flat.
After trades, the industrial index was up 0,41 percent to 217,27 while the mining index remained unmoved at 46,09 points.
Daily turnover declined to US$1,11 million on a volume of 4,311 million shares from Friday’s US$1,61 million on a volume of 4,19 million.
The industrial index is now 15,91 points shy of its August 1, 2013 record level. The stocks market plunged heavily after the July 31 harmonised polls on seemingly negative post-election sentiment synonymous with foreign investors.
Delta, the biggest company in value terms, closed among the top five risers, gaining 1,7 percent to US150,5c.
Zimre Holdings Ltd was the top gainer after advancing 12 percent to US1,4c followed by National Tyre Services which rose 6,7 percent to US3,2c. National Foods gained 2,3 percent to US$2,20 after the company announced it will spend US$30 million to boost milling capacity at its flour plant. Barclays gained 2,2 percent to US4,6c.
Afdis was flat at US32c after the management proposed to raise US$5 million through a rights offer.
The funds are earmarked for the repayment of a shareholder loan, upgrading the existing plant and settlement of the outstanding balance on the cost of procuring a new ready-to-drink beverage manufacturing plant.
Econet Wireless and Hippo Valley traded unchanged at US61c and US115c. OK Zimbabwe remained stable at US25c ahead of its interims and analysts briefing today.
Truworths and Zimplow Holdings added a marginal US0,01c each to US3,76c and US3,55c respectively. Innscor Africa Ltd closed buyers and sellers only at US86c and US87c respectively.
Hunyani was the top faller after shedding 37,5 percent to US2,5c followed by TA Holdings which declined 33,3 percent to US6c.
ABC Holdings, Cafca Ltd and starafrica lost 13,8 percent, 8,6 percent and 6,7 percent to US50c, US32c and US0,10 respectively.
Powerspeed closed US0,10c weaker at US1,8c. African Sun was on the downside, shedding 0,36 percent to US2,76c while DZLH closed 0,05 percent weaker at US19c.
Turnall Holdings traded unchanged at US4,5c after being named the best governed company on the ZSE at the inaugural Excellence in Corporate Governance Awards.
BAT Zimbabwe was second while Econet came third.
Fidelity Life closed sellers only at US10,5c on news that the company has temporally suspended its expansion programme into the region as it seeks to consolidate local operations.
Online Reporter