|Heavyweights spur industrial index|
|Wednesday, 19 September 2012 00:00|
were bought between September 3 and yesterday, according to statistics from the ZSE with about US$3,1 million worth of shares having changed hands over the two-week period. There is growing interest in stocks such as Delta Corporation, Innscor Africa, Econet Wireless, Dairibord Holdings and AICO Africa among foreign investors. Since the country adopted the multi-currency system in 2009, foreign investors have been the dominant players on the domestic bourse due to liquidity crunch prevailing on the market.
However, after Government announced its intention to acquire majority stakes in foreign-owned companies, many foreigners exited the bourse.
Old Mutual gained US4,11c to US170,11c. Larfage rose US2c to US82c and Astra Holdings was US1,2c firmer at US5,2c. Afre Corp and AICO Africa were up US1c each to US7,5c and US11c respectively. ZBFH closed at US0,5c higher at US10c. On the downside was TN Bank, which fell US1c to 14 cents. Zimplow retreated US0,5c to US5c and Pearl Properties eased US0,3c to trade at 2,4c. Innscor slipped US0,15c to US69,85c and Barclays Bank declined US01c to US2,9c. The mining index closed lower for the fourth consecutive day at 77,23 points after easing 0,75 percent on losses in Hwange Colliery Company Ltd.