All Entries in the "Investment" Category
Results of CFX Rights offer
The ordinary rights offers shares subscribed were 198,556,871 and the subscription was very low at 1.4 percent.
This meant that the percentage under subscription was 98.6%
Ordinary shares issued to under writer 6 ,712,518,015
Preference shares issued to under writer 6 ,992,897,326
Following a 98,4% under subscription of the CFX Financial Services rights offer, the underwriter Interfin Holdings Limited [...]
ZSE Drops Again
The industrial index went down a further 6.50 points (4.44%) compared to week ending 11 December 2009 as the Xmas mood continues to weigh down on the benchmark industrial index. This fall has been attributed to the impending holidays, profit taking and a generally drab reporting period. On Friday, the industrial index closed the week [...]
Industrial Imndex Drops Again
The industrial index on Friday dropped a further 1.58 points ((1.10%) to close at 142.44 points in mixed trading. INNSCOR went down 2.99 cents at 51 cents, PGI lost a cent to trade at 9 cents and BARCLAYS retreated 0.99 cents to close at 8 cents. TPH and TSL both slid half a cent to [...]
Grain Bills Over-subscribed
Grain bills, which were tendered by CBZ on behalf of the Grain Marketing Board last week, were over-subscribed.
This was the second time that grain bills were floated and there was a change this time around as investors are looking for an alternative to the Zimbabwe Stock Exchange.
A total of US$2.9 million was bidded for by [...]
Industrial index sheds 3.67 points
The industrial index shed 3.67 points (2.48%) to end the day at 144.02 as heavyweight losses dominated the day’s trading session. NATFOODS came off 10 cents to 105 cents, BAT went down a further 5 cents to trade at 215 cents and INNSCOR retreated 4.01 cents to close at 53.99 cents. AICO AFRICA, COLCOM and [...]
Industrial Index opens firmer
The industrial index opened the week firmer on Monday by 0.82 points (0.56%) to close at 147.07 points. Construction related gianrts, Murray and Roberts and PPC both traded 5 cents higher at 21 cents and 240 cents whilst PGI advanced 0.50 cents to close 9 cents.
Retail giant OK gained 0.30 cents to 6.50 cents with [...]
No Takers for Africun Sun LAS
There has not been trade in the African Sun’s Letters of Allocation which opened on November 23.
Letters of Allocation (LAS) opened on November 23 when African Sun Limited rights offer kicked off.
“On Wednesday, 25 November, the LAs were offered at US1 cent, with no bids and hence no trades. From Thursday, 26 November to Monday [...]
Imara Managed Funds Double in 6 Months
Funds managed by Imara Asset Management have doubled in six months to September this year.
At the end of March, Imara was managing US$80 million and this has increased to US$171 million at the end of September.
“Since the period end, (end of September) it is pleasing to see our funds under management growing further which bodes [...]
Industrial Index Retreats
The benchmark industrial index lost a further 1.03 points (0.67 percent) to close at 153.82.
Losses were recorded by telecommunications giants Econet which shed 12 cents to trade at 518 cents while Pretoria Portland Cement lost 10 cents to 240 cents.
Hippo, Seed CO and TA all traded in the negative territory after shedding off 9 cents, [...]
INDUSTRIALS continued trading weak on the Zimbabwe Stock Exchange
INDUSTRIALS continued trading weak on the Zimbabwe Stock Exchange, shedding off 0,96 percent to close the week lower at 157,77 points.
This is the third week that the local bourse has lost on a week on week basis.
Analysts have attributed this to profit taking especially in the last two weeks while the loss in the other [...]
