Zanaga Iron Ore Co. Ltd (DI) (ZIOC)

Sector:

Mining

Index:

FTSE AIM All-Share

7.10p
   
  • Change Today:
    -0.13p
  • 52 Week High: 17.45
  • 52 Week Low: 3.80
  • Currency: UK Pounds
  • Shares Issued: 644.99m
  • Volume: 1,043,058
  • Market Cap: £45.79m

Sector movers: Industrial miners shrug off Chinese data

Date: Friday 13 Apr 2012

LONDON (ShareCast) - Industrial metals and mining stocks were the best performers of the day despite some worse-than-expected economic data from China.

Gross domestic product (GDP) growth in China slowed to an annual rate of 8.1% in the first quarter of 2012, according to the National Bureau of Statistics, down from the 8.9% expansion seen in the fourth quarter of last year and worse than the +8.4% estimate.

While the Chinese GDP data did indeed come in below expectations, a rate over 8% still does not mean that the economy may experience a 'hard landing'. Also, rumours were flying around the market that the 'weak' growth (by Chinese standards) may prompt its central bank to boost the economy by launching new stimulus measures.

As such, investors poured into mining stocks such as Evraz, Ferrexpo, and Zanaga Iron Ore.

In contrast, media stocks were out of favour with shares of BSkyB, ITV and WPP, among the biggest stocks in the sector, firmly lower.

A big mover in the category though was penny stock Motive Television. Shares in Motive fell 12% after announcing that CCan 2005 Inversiones Societarias (minority shareholder of Motive's subsidiary Motive Television SL) is now free to exercise an option to sell its 32.3% holding to Motive for €2.1m.

"CCan has confirmed to Motive that it will not exercise the put option before May 31st 2012 and is currently in negotiations with Motive regarding satisfaction of the option," the group said.


Top performing sectors so far today
Industrial Metals & Mining 3,971.00 +1.82%
Real Estate Investment & Services 1,628.84 +0.46%
Electronic & Electrical Equipment 3,369.64 +0.35%

Bottom performing sectors so far today
Media 4,232.48 -1.98%
Automobiles & Parts 4,664.44 -1.87%
General Retailers 1,752.73 -1.70%
Construction & Materials 3,416.83 -1.69%
Industrial Transportation 2,520.67 -1.57%

BC

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

ZIOC Market Data

Currency UK Pounds
Share Price 7.10p
Change Today -0.13p
% Change -1.80 %
52 Week High 17.45
52 Week Low 3.80
Volume 1,043,058
Shares Issued 644.99m
Market Cap £45.79m

ZIOC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
8.86% above the market average8.86% above the market average8.86% above the market average8.86% above the market average8.86% above the market average
11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average
Price Trend
96.34% above the market average96.34% above the market average96.34% above the market average96.34% above the market average96.34% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income Not Available
Growth Not Available

ZIOC Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:17 131,041 @ 6.81p
16:14 100,291 @ 7.23p
16:25 27,518 @ 6.80p
16:08 37,000 @ 6.84p
16:08 20,569 @ 7.27p

Top of Page