Zimbabwe: Stock Exchange Shares Rise
 |
 Published by the government of Zimbabwe |
|||||||||
|
||||||||||
|
|
|||||||||
|
||||||||||
The Herald (Harare)
16 July 2008
Posted to the web 16 July 2008
Harare
ZIMBABWE Stock Exchange shares rose yesterday as money moved from the highly liquid money market following the start of Phase 4 of the mechanisation programme.
The money market had a surplus position of over $200 quadrillion while dealers were quoting rates ranging from 250-360 percent for short-term investment paper.
At the close of trades, the industrials index gained 16,31 percent to 52 044 539 828 042,90 points and the minings index rose 19,82 percent to 690 394 264 046 723,70 points.
Old mutual rose $55 billion to $405 billion and Delta added $5 billion to $60 billion after the group said it would not close shop although production was constrained. The group also said the major overhaul at the Southerton Beer plant is expected to be complete by the end of this week.
KMAL put on $20 billion to $250 billion after the group said the opening of its retail branch in Magaba, Mbare would be delayed owing to the shortage of flour. The group is planning to establish a partnership with South Africa's Pick-n-Pay over an import facility of products.
CFI was steady at $55 billion after the group said its retail division was facing problems of stocking up because manufacturing output was low.
Willdale rose $20 million to $200 million after saying it would press ahead with its rights issue in order to recapitalise its Mt Hampden plant.
Relevant Links
Cable maker Cafca led the risers after gaining $155 billion or 182,35 percent to $240 billion and Mash was up $400 million to $3,4 billion Cottco was down $14 billion to $41 billion .
Read comments. Write your own.
|
AllAfrica aggregates and indexes content from over 125 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. | |||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
|
Copyright © 2008 The Herald. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections -- or for permission to republish or make other authorized use of this material, click here.
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
|
Make allAfrica.com your home page
|
RSS Feed
Sign up for FREE daily 'top headlines' by email >> | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Top | Site Guide | Who We Are | Advertising | Search | My Account | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Questions or Comments? Contact us. Read our Privacy Statement. | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
