ZSE up 1.5% today and 14% ytd

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The ZSE continued with its upward trend on Thursday adding another 1.5% to close at 164.77 points, a level last seen in March 2015. The gains takes the main industrials index, which added 27.4% in May, to a year-to-date gain of 14%. Some of the stocks to record gains were Delta up 2.89% to 98 cents, Econet up 3.38% to 31.53 cents. Econet this week released its results for the year ended 28 February 2017 showing a 3% decline in revenue and a 10% decline in profit after tax. The Group however declared a dividend of 0.467 cents. OK Zimbabwe, which recently reported a $6.1 million profit after tax, up from $0.7 million prior year comparative, was also among the risers up 7.14% to 7.5 cents.

By |June 1st, 2017|Categories: Comment|

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Kudzanai Sharara
Kudzanai’s background in financial journalism with ZFN, combined with a continuing education in financial management, provide a solid grounding for his work in the research department.