Industrial Index continues surging

zimbabwe_stock_exchange2HARARE - THE Industrial Index's winning streak continued this week as it gained 0.96 points to close at 164.64 points.

The Zimbabwe Stock Exchange (ZSE) said this amounted to a 0,59 percentage change for the period under review.

Counters that shot up included telecommunications giant, Econet Wireless Holdings Limited (Econet) up by US$1,00, Turnall Holdings Limited, the pipe and tube producer, up by US$0,09, insurance concern Fidelity Life Insurance Limited (Fidelity) also up by US$0,05, seed producer SeedCo Limited (SeedCo) by US$0,05, and mining entity Bindura Nickel Corporation Limited (Bindura) also up by US$0,05.

Those counters that grabbed the wooden spoon during the week included financial concern ABC Holdings Limited (ABCH) down by US$0,10, coal producer the struggling Whange Colliery Comapny Limited (WCCL) by US$0,20, food processor and propucer Innscor Corporation Limited (Innscor) by US$0,10.

Innscor this week hiked prices at its Chicken Inn Branches countrywide much to the dismasy of struggling customers who flock to the food chain during lunch for quick meals. The popular Snack Box shot up from US$2 to US$2,50 at Chicken Inn.

Other firms that lost on the ZSE were insurance giant and South African-based Old Mutual Insurance Limited (Old Mutual) by US$0,50, and the diversified CFI Holdings Limited (CFI) also less by US$0,01. The ZSE said the Mining Index inched up 0.73 points to close at 201.36 points for the week under review.

Post published in: Manufacturing

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