adminmainstream index was up 0,14 percent or 0,20 points to 147,48 points. The mining index, of four trading shares, was unchanged at 65,94 points.
PPC Zimbabwe, the country’s largest cement company, recovered US5c to US195c.
PPC was under selling pressure on concerns arising from ongoing investigations of industrial espionage.
TN Bank gained US3c to US17c and DZLH advanced US0,50c to US20,50c.
Starafrica rose US0,13c to US1,23c. According to reports, the sugar producer could be in talks with a South African sugar producer, Tongaat Hulett, for a possible loan facility.
Econet Wireless was the lone loser after declining US4c to 461c.
Last week, Mr Tawanda Nyambirai stepped down as chairman after selling his entire shareholding in TN Bank to the mobile phone operator.
Under the buyout deal, Mr Nyambirai becomes a minority shareholder in Econet while TN Bank becomes a subsidiary of Econet.
But the transaction is yet to get regulatory approval from the Reserve Bank of Zimbabwe, the Zimbabwe Stock Exchange and the Securities Exchange Commission.
Econet held a 45 percent stake in TN Bank before the transaction while Mr Nyambirai held the remaining shareholding.
Analysts say several companies on the ZSE are heavily undercapitalised, a situation that has hampered the performance of most listed companies.
Raising fresh equity remains essential for listed companies at the height of the current liquidity constraints.
It is estimated that at least US$1 billion might be needed to fully recapitalise listed companies.
Since dollarisation, about 15 percent of the listed companies embarked on rights issues, with a few being successful due primarily to lack of meaningful funding.
This year, companies that successfully raised fresh capital include RioZim which completed a private placement of ordinary shares of US$6,6 million to Raintree Investments, rights offer of $5 million and issue of convertible debentures to GEM Raintree in March.
Zimplow Limited successfully completed the acquisition of 57 percent stake in Tractive Power Holdings, which was previously owned by the Reserve Bank of Zimbabwe.
Zimplow Limited acquired 88 526 968 Tractive Power Holdings shares at US$0,11. Zimplow then floated a rights offer to raise approximately US$11,2 million for the purchase of the Tractive Power stake.
ABC Holdings floated a US$50 million rights issue, fully underwritten by its majority shareholder, the African Development Corporation.
TN Financial Holdings received a cash injection of US$20 million from new shareholder Econet, paving the way for thea demerger of the bank from the group, to create TN Bank and Lifestyle Holdings Limited.
Online Reporter