Delta, BAT gains boost ZSE
HARARE, – The stock market’s recovery continued on Tuesday, with the industrial index rising by 0,65 points to 163,75 points after positive trades in market movers Delta and BAT.
Beverage concern Delta, gained 0,97 cents to 107 cents, with a turnover of 7,000 while the cigarette maker added 20 cents to 1,120 cents in trades worth ,000.
Zimre Property put on 0,15 cents to end the day at 0,85 cents while another property concern, Dawn, the climbed up 0,10 cents to close at 1,10 cents.
On the downside, agro-based CFI was the biggest loser, shedding 1,40 cents to 1,60 cents while starafricacorporation lost 0,30 cents to 1,50 cents. Hospitality group RTG eased 0,20 cents to 1,40 cents.
Other heavyweights, Innscor and Old Mutual remained unchanged at 57 cents and 235 cents respectively, despite collective trades of ,000 while telecomms group, Econet recorded no trades at 59,90 cents.
The resources index was flat at 59,10 cents with Bindura, Falgold, RioZim and Hwange all unmoved at five cents, three cents, 15 cents and 4,80 cents respectively.
Bindura was the only mining counter active, registering a turnover of only ,000.
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events may affect African markets on
\n– – – – –
\nAsian stocks were mostly firmer after benign Chinese economic data helped offset risk aversion generated by a
\ncontinuing slide in crude oil prices, while the dollar fell to a one-month low against the safe-haven yen.
WORLD OIL PRICES
\nOil fell 5 percent to its lowest in nearly six years on Monday, extending the second-deepest rout on record, after
\nGoldman Sachs warned that prices would fall further and Gulf
\noil producers showed no sign of cutting output.
\nFor the top emerging markets news, double click on
\nFor the latest news on African stocks:
SOUTH AFRICA MARKETS
\nSouth African stocks fell in volatile trade on Monday as poor manufacturing data hit chemicals maker AECI while iron ore producers extended their 2014 slide as Chinese demand for their commodity remains subdued.
South African government bonds kept up a New Year rally on Monday, with yields hitting 19-month lows as the sliding oil price dramatically changes inflation expectations in
\nAfrica’s most advanced economy.
\nNigeria’s naira closed almost 1 percent higher against the U.S. currency on Monday, after three oil companies sold the greenback, increasing dollar liquidity on the interbank market, dealers said.
\nNigeria’s military said on Monday that at least 150 people had been killed in clashes with Islamists in the northeastern town of Baga, giving a rare official death toll a few weeks before presidential elections in which security is a big issue.
\nKenya’s shilling edged lower on Monday and traders said the trend was for further weakening as corporate demand for dollars picked up during the month.
IVORY COAST COCOA
\nCocoa arrivals at ports in top grower Ivory Coast reached around 893,000 tonnes by January 11 since the start of the season on October 1, exporters estimated on Monday, down
\nfrom 1,002,000 tonnes in the same period of the previous