EFE Securities •

11 years ago •

Market Commentary

Market Comment 04.11.13

Econet was firm for the third consecutive day rising +3.1% to 63c largely contributing to the industrials +0.18% increase to 210.23pts. The telecoms giant gains are on the back of sustainable demand following recent release of decent interims with 11% revenue growth to $376.6m. The company is also reported to be on the verge of concluding negotiations with Cell Insurance to underwrite its new insurance product as it continues to grow its value-added products. However, minings lost -0.89% to 49.84pts as result of Bindura’s 1.9c offer lower that 1.95c last traded price.