Bourse inches upwards

zimbabwe_stock_exchange2HARARE The Industrial Index on the Zimbabwe Stock Exchange increased for the third day during the week under review after gaining 0.31 points to close at 163.68 points.

Hippo Valley Estates was 2c firmer at $1,07, TA Holdings rose $1,50 to trade at 16,50c, while the wealthy Meikles Africa Limited (MAL) Group advanced $1,10 to end at $40,10. High-flyers on the bourse this week were financial institution ABC Holdings Limited, which is also listed on the Botswana Stock Exchange.
Its shares increased by 5c, diversified TA Holdings shot up by 3,47c, while seed producer SeedCo Limited was up 3c for the period. AICO Africa Limited lost 0,50c to $18,50, National Tyre Services was down 0,20c to 5c while insurance entity Pearl Insurance Limited retreated 0,10c to 2,90c.
Another insurance firm, Zimre Holdings, closed at 1,30c after shedding 0,01c during the week under review. Delta Corporation was down by 1,5c, National Foods Limited by 1c, crocodile skin producer Padenga Holdings by 0,1c. Padenga says it is aggressively seeking international market business opportunities because prices for its skins are “very high at the moment”.
The newly listed firm is also increasing its annual production in Zimbabwe.
Dawn Properties) was down by 0.05c, while African Sun Limited nose-dived by 0,03c. The Mining Index closed higher at 198.41 points after gaining 0.94 points – an increase of 0,48 percent. Hwange Colliery Company gained 2c to trade at 70c. Bindura Nickel Corporation retreated 2,30c to 6c. Falcon Gold Limited and Rio Zimbabwe were unchanged.

Post published in: Economy

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