Industrial Index, mining nose-dives

zimbabwe_stock_exchange2HARARE - The Industrial Index on the lacklustre Zimbabwe Stock Exchange (ZSE) was firm at 160.06 points after gaining 0.15 points for the previous week.

The bourse said this was a 0,09 percentage change for the period under review. Most business enterprises including the ZSE were closed for the long Easter holiday. Prominent telecommunications giant and Zimbabwe’s most popular cell telephone network, Econet advanced $0,02 to close at $4,83.

Cash-rich beverage entity, Delta , Murray & Roberts Limited currently chaired by Zanu PF MP Paddy Zhanda, cement producer Pretoria Portland Cement and TA Holdings all inched up $0,01 each to trade at $0,76, $0,18, $3, and $0,13 in that order.

AICO Africa Limited and FBC Limited currently led by Livingstone Gwata, pushed up $0,05 to $0,18 and $4,50 respectively, the bourse said.

The gains were countered by losses in Hippo Valley which eased $0,05 to $1,10, milk producer and processor Dairibord Holdings retreated $0,01 to $0,20 while Barclays Bank, under George Guvamatanda, lost $0,45 to $6,50. Dr John Mangudya’s government-controlled financial institution, CBZ traded lower at $17,70 after a $0,30 loss. NMB under James Mushore was down $0,10 to close at $0,01.

The Mining Index was down 1.46 points to close at 205.26 points – a 0,71 percentage change for the period under review.

Rio Zimbabwe slipped $29,99 to trade at $1,40. Bindura Nickel Corporation traded $0,99 lower at $8,01 while Falcon Gold Limited and struggling coal producer, Whange Colliery Company were mainly unchanged at previous trading levels.

Post published in: Manufacturing

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