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This was at a 25 percent premium.
The transaction saw daily turnover increasing 84 percent to US$882 000 with foreign trades contributing US$215 000 due to limited availability of shares especially among the top-heavy counters.

Other notable volumes were recorded in retail clothing firm Edgars after 1,7 million shares changed hands at US6,7c a share, making it the second largest transaction on the day.
The equities were in a recovery mode on Monday rebounding from last week’s losses by 1,37 percent to 160,66 points following significant gains in heavyweight counters.

Subdued trading continued as profit-takers are still on the market, reaping from the rally experienced in the first two weeks of the year.
The resources index continued on a winning streak, gaining 0,44 percent to close at 206,24 points thanks to Bindura, which put on US0,50c to US10,50c while Hwange edged up US0,10c to close at US57,10c.

Telecommunications giant Econet has continued to drive the market, adding US5c to trade at US500c while spirit makers Afdis and Delta rose US3c each to close at US14c and US73c respectively.

Cement giant PPC inched up US2c to US317c and Cafca pushed up a cent to trade at US25c.
CFI led the shakers losing US2c to close at US12c, Cairns went down US0,20c to trade at US1,80c while Gulliver dropped US0,05c to US0,15c.
Property counter Mash was US0,05c lower at US1,95c and starafrica eased US0,03c to close at US5,60c.

However, the industrial index was yesterday largely unchanged at 160,64 points despite the widespread gains which were not enough to lift the index.
The fall in tobacco processor BAT by US40c to trade at US50c caused the index to be slightly lower with other losses in Afre, which shed US0,50c to US5c and NMB, which lost US0,30c to close at one cent.

Despite a fundamental shift that has been recorded in the economy, the investment continues to face such challenges as tight    liquidity, debt crisis, high country risk, balance of payment challenges and power shortages.

However, given the level of stability in the economy which includes single-digit inflation figures and a minimal exchange rate risk, Zimbabwe is expected to post another  positive economic growth in 2011 as macroeconomic fundamentals continue to stabilise.
This will largely be driven by positive growth in the mining, agriculture, manufacturing, tourism and telecommunication sectors.
The capital market is expected to remain resilient, sustained by increasing foreign investor participation and improved company fundamentals in 2011.