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mining index was unchanged at yesterday’s level. Daily market turnover fell to US$899 724 on a volume of 14,29 million shares from US$1,490 million yesterday.
Econet gained US2,60c to US72,6c. The company will announce its full year results later today. ABC Holdings added US0,10c to US60,1c. The group’s majority shareholder Africa Development Corporation said it intends to make a mandatory offer to buy out all minority shareholders for BWP 5,05 per share registered on the Botswana Stock Exchange or US60c per share for shares on the Zimbabwe Stock Exchange.
British America Tobacco gained US2c to US827c after managing director Mr Lovemore Manatsa told an annual general meeting on Tuesday that volumes are down 15 percent in the year to date following the introduction of new excise tax in December 2012, but revenue and profitability remain robust as the price increase enacted with the excise hike have compensated for the fall in volumes.
Masimba led the risers, adding another US0,50c to US9c taking its gains in the year to 200 percent. Masimba’s price has been running in the past month but volumes trading have not been meaningful.
Afre added US0,44c to US12,5c ahead of its AGM next week where shareholders will be among other resolutions vote on the proposed change of name to First Mutual Holdings Limited, a move the company says will boost its visibility on the market.
Online Reporter