ZSE counters bullish after improved buying

percent to 164,84 points.
Minings were also solid despite concerns over the country’s empowerment laws.
Weekly turnover came in at US$9,35 million from about 108,3 million shares.
Delta Corporation had the highest revenue at US$1,74 million, followed by Innscor at US$1,26 million, Dairibord at US$1,19 million, Econet Wireless at US$1 million and CBZ Holdings at US$846 521.
After trades on Friday, ABCH was up US5c to US50c. TA gained US3,47c to US20c, Seed Co rose US3c to US133c while Hippo and Meikles gained US2c to US115c and US43c respectively. Econet rose was US1,01c to US481,01c. The company may take over Afre Corporation as it emerged the mobile phone company is pressing ahead with recapitalisation plans for the life insurance firm.
The Afre board was scheduled to meet last Friday to propose recapitalisation of Afre in the wake of a crisis that embroiled the listed firm.
A proposal will be made for Econet to underwrite the rights offer. Last Friday’s meeting was also expected to set timelines for the rights issue.
Earlier plans to float a US$10 million rights issue to recapitalise Afre derailed after revelations the firm and its subsidiaries dabbled in illegal inter-party transactions.
Colcom and Old Mutual gained a cent each to US46c and US158c.
On the downward side was Delta which lost US1,50c to US80c, Natfoods declined US1c to US95c. Panenga was slightly lower at US5,90c dropping US0,10c.
RTG was bid at US2c. The group says it has fallen on hard times following suspension of its shares on the Zimbabwe Stock Exchange amid revelations that its financiers are closing and will not renew its credit facilities.
Chief executive Mrs Chipo Mtasa said recent media reports insinuated that shares of RTG had been suspended as a result certain fraudulent activities, a development she said was threatening the commercial viability of one of the country’s hospitality giants.
Mrs Mtasa pointed out that RTG, in view of termination of credit facilities by its bankers, the group could plunge into serious capital constraints.