ZSE inches higher but ATS challenges delay trading
HARARE – The stock market opened late afternoon on Tuesday due to a technical challenge with the Automated Trading System. Trading only opened way after lunch but inspite the delays, the Industrials Index continued to inch higher.
At the close of trades, the mainstream Index added 0.81 points to close the session at 161.20. The resources sector closed unchanged after Hwange traded flat at 2.35c with 300,000 shares changing hands. Turnover came in at $268,589.
Econet once again dominated the trading session after adding 0.10c to close at 30.15c with 723.981 shares exchanging hands. Demand for the counter continues to be elevated with limited sellers ahead of the release of its February year end results tomorrow.
Heavyweight Innscor continued on its bull run adding an impressive 7% to trade at 60c with only 1.232 shares changing hands. The counter closed at 57.10 with 1772 shares bid lower at 55.25c.
Insurance giant FMHL added 0.50c to close at 8c with 6,402 shares changing hands. The counter closed with 850,000 shares bid lower at 7c. Crocodile farmer, Padenga also traded in the black adding 0.04c to close at 21.25c with 2580 shares changing hands.
Demand for CFI remains strong but with limited sellers, the agro concern traded flat with 275,175 shares changing hands. Earlier today, the counter announced the appointment of Ephraim Chawoneka and Douglas Mamvura to their board.
Dairibord traded in the red losing 0.08c to close at 5.62c with only 1,200 shares changing hands. Proplastics traded flat at 5c with 7,548 changing hands