HARARE Despite some losses the Zimbabwe Stock Exchanges Mining Index rose 2.79 points compared to the week ending April 29.
Stockbrokers said this was a 1,41 percent change for the period. During the early part of the week the Mining Index went down by 0.73 points to close at 200.27 points due to mining powerhouse Bindura Nickle, which slipped $0,50 to $7,50. Other counters such as Falcon Gold, Hwange Colliery Company and Rio Tinto were mainly unchanged.
The Industrial Index shed 0.63 points to close at 162.31 points amid widespread losses. Colcom lost $0,03 to close at $0,42 while AICO Limited, Meikles Africa and Turnall retreated $0,01 each. Week-on-week the Industrial Index dropped 2.35 points – a 1,43 percentage change over the period under review.
Trading in positive territory were Pretoria Portland Cement, which added $0,05 to trade at $3,10, SeedCo recovered $0,02 to trade at $1,40 and Delta Corporation rose to close at $0,82. Motor transport firm Pioneer improved by $0,15 and insurance firm NicozDiamond gained $0,10 to close at $1,90.
Post published in: Economy