ZSE trade flat

Staff Reporter 03-06-2009

There were insignificant changes at the Zimbabwe Stock Exchange as there was a 0.23 points (0.17%) gain to close at 139.05 points. This small gain was pushed by Lafarge and Old Mutual which both recorded their new high of 100 cents after adding 15 cents and 10 cents respectively.

Hunyani advanced 3 cents to close at 9 cents. Pharmaceuticals manufacturer Caps was 2 cents higher at 5 cents and this can be a result of the news that the company wants to expand into the region with South Africa being the main target.

Aico Africa also recorded a marginal one cent up to close at 25 cents.

Losses were seen in Natfoods and Seedco which dropped 5 cents to close at 85 cents and 65 cents. Interestingly, these two counters were trading on the positive when the week opened. Cafca slipped 2 cents to 23 cents, TSL shed 1 cent to close at 9 cents and Dairibord lost 0.50 cents to 11 cents.

There was somehow some smiles at the mining index which went up 6.05 points (2.07%) to close at 297.63 points mainly due to Hwange which added 4 cents to close at 69 cents. Bindura however, lost 1 cent to close at 19 cents whilst Falgold and Riozim traded unchanged at 13 cents and 375 cents.