ZSE counters bounce back

shares, valued at US$1,2 million changed hands.
Delta is expected to continue with the fine run ahead of its financials next week.
Parent company SABMiller last month said its Zimbabwe unit’s larger volumes grew 23 percent for the full year to March 31, 2012 bolstered by capacity enhancement and improved availability.
The Delta book-over helped the day’s turnover to US$2,2 million on 15,8 million shares lower than the previous day when a local consortium swooped on a 46,6 percent stake in Murray & Roberts Zimbabwe.
The deal involving 99,9 million shares was valued at US$1,4 million and turnover for the day was US$2,3 million.
Meanwhile, other gains were recorded in Seed Co, gaining US5c to US85c and Turnall, pushing a cent to US6c and Mash gaining US0, 20c to US2, 10c.
Newspaper group Zimpapers was up US0,05c to US0,90c while Innscor and Padenga both inched up US0,01c to trade at US54,01c and US5,51c respec-tively.
Trading in the red was Old Mutual which slipped US3,99c to US150c and CFI retreated US0,20c to US5c. CFI conglomerate is said to have engaged potential strategic investors to take up significant shareholding in two of its strategic business units.
If negotiations are successful it will affect the company’s performance.
The group said they are negotiating with investors to invest in Victoria Foods and Crest Poultry Group.
The investment is expected to bring fresh capital and efficiencies to the firm’s core operating divisions.
Financial counter FBC, NTS and PG Industries were down US0,10c each to close at US5,60c, US2,50c and US1,40c respectively.
The industrial index lost 4 percent in the past seven trading days, 7 percent in the last 30 days and 12 percent since the beginning of the year.
The resources index reversed previous day gains, easing 1,78 percent to close at 95,54 points.
Mining giant RioZim was down US3c to finish yesterday at US56c as Bindura was also on retreat, dropping US0,11c to settle at US5c.
Falcon Gold and Hwange Colliery were unchanged at previous trading levels.
Mining has shown some recovery, gaining 8 percent in the past seven trades and 14 percent in the last 30 trades. But the index has lost 3 percent since the beginning of the year.