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ZSE ends week in red

By |January 27th, 2017|Categories: Comment, ECO|

The main industrials index shed another 0.41% ti 141.14 points to take its weekly loss to 2.66% and its year-to-date loss to -2.35%.  At the same time in 2016, after trading for 19 trading sessions the market had already lost 10.17%. Year on year, the market is still up 36.80%. Much of the market’s value has been lost through the

CDC to migrate to T+3 settlement

By |January 25th, 2017|Categories: ECO, Headlines|

Chengetedzai Depository Company (CDC) is set to migrate from the current Trade plus five days T+5 settlement cycle to T+3 by April this year following consensus from market participants. In an operating update for December 2016, CDC chief executive officer Campbell Musiiwa said migration from the Delivery Versus Payment (DVP) model 2 to DVP model 3 is also a key

ZSE up buoyed by heavyweight stocks

By |December 6th, 2016|Categories: Comment, ECO, SEED|

Strong gains in blue chip counters saw the Industrials Index continue with its positive streak. By the close of trading the main industrials index was 2.08% up at 143.73 points on the back of solid gains in Seedco up 4.89% to 101 cents, Innscor added 8.14% to 43.69 cents, while Delta added 1.87% to 88.63 cents. Econet was also buoyant

Econet drags industrials lower

By |November 2nd, 2016|Categories: Comment, Company, ECO|

A 10% drop in Econet’s share price saw the main Industrials Index shed 0.55% on Wednesday to close the day at 120.24 points. The drop in Econet’s share price follows the company’s release of its interims results for the period ended 31 August 2016 which showed a 37% decline in profit after tax.By the close of trading, Econet was down