ZSE shares firm

deals in heavily capitalised Delta and Aico Africa valued at about US$2 million.
The beverage maker’s special deal involving 2,5 million shares was executed by Imara Securities at US79c while Aico’s six million shares were handled by Old Mutual Securities at US24,5c.
Turnover for the day was US$3,5 million.
Aico valued at about US$100 million on the ZSE has remained one of the favoured counters after announcing fresh capital injection into Olivine Industries. Olivine is expected to generate between US$4 million and US$5 million in the coming financial year.
However, Delta, with a market capitalisation of US$930 million has continued to dominate the equities based on its fundamentals of increasing production and profitability during the financial period going forward.
On the positive side was also cement manufacturer Lafarge advancing US5c to settle at US95c as ABCH gained US4c to US69c.
Aico’s associate company, Seed Co, was up US3,20c to US121c while Truworths inched up US0,88c to US8,50c,
However, gains for the day were offset by Hippo, which eased US10c to trade at US109c, Econet and M&R both lost US0,50c to US469,50c and US15,50c respectively.
Short-term insurance giant NicozDiamond slipped US0,20c to close at US2c.
By close of trading yesterday, the resources index broke its losing streak registering a 1,17 percent increase to close at 162,24 points.
RioZim pushed up US5c to US110c. Bindura was US0,10c firmer at US6,60c and Hwange was down US0,01c to US56c ahead of its annual general meeting scheduled for next month at which majority shareholders are expected make significant board changes.
Hwange has over the past years failed to source meaningful funding for recapitalisation.
Falgold was unchanged at its previous trading level.
The market had opened the week on a low note easing 0,49 percent at 165,47 points in a trading session heavily dominated by foreign investors on both the buying and selling side.
Foreign purchases in heavy capitalised counters amounted to US$1,9 million being 59 percent of total turnover while foreign selling stood at US$1,7 million for a net foreign inflow of US$225 180.
Total turnover was concentrated in heavy cap counters with Econet, Aico, Innscor, Dairibord and Seed Co accounting for 85 percent of the total value traded of US$3,2 million.
Total turnover declined 18,91 percent despite a 19 percent growth in volumes at 18,5 million but remains significantly above daily averages of US$1,5 million.