The Zimbabwe Stock Exchange (ZSE's) Industrial Index gained 0.39 points to end at 166.89 points for the period under review.
Stockbrokers interviewed said this amounted to a 0,23 percentage change.
Agriculture concern Hippo Valley Estates Limited (Hippo) was lifted 2,11c to close at 117,11c while major cables manufacturer CAFCA Limited (CAFCA) gained 2c to close at 58c.
The Industrial Index gained 1.58 points compared to the week ending June 10.
Counters that did well included AICO Limited (AICO), diversified conglomerate TA Holdings Limited (TA), and tube manufacturer Turnall Limited (Turnall).
Turnall recently told shareholders that it was resuming asbestos exports to South Africa which would boost its income substantially.
The asbestos exports were banned by the South African Parliament resulting in top producer, Shabani and Mashava Mines (SMM), led by flamboyant business mogul, Mutumwa Mawere, crying foul and sending about 2 000 employees home.
Counters that failed to perform during the period under review included telecommunications giant Econet Wireless Zimbabwe Limited (Econet) down by 5c, seed producer SeedCo Limited (SeedCo) by 2c, pork producer Colcom Limited (Colcom) by 1c and the wealthy Meikles Africa Limited (MAL) also down by 6c to end the period at 41c.
Stockbrokers say Colcom is facing numerous problems because of a very low pig intake from its factories in Norton and Harare.
Former President of the Indigenous Commercial Farmers Union (ICFU), Davison Mugabe, told communal farmers gathered in Harare that the problems at Colcom were stemming from the fact that the firm had offloaded its pig intake to concentrate on becoming a ZSE-listed concern.
"It is no longer owned by farmers," he said. "Colcom is now owned by businessmen who are not necessarily pig farmers and that is the difference."
MAL, on the other hand, has had a top leadership change with Chairman, Farai Rwodzi, quitting last week.
He was immediately replaced by the major shareholder, John Moxon.
The MAL share price has been on the rise with stockbrokers expecting the counter to reach 84c mark by year-end.
The Mining Index, on the other hand, was flat at 189.52 points because all counters were unchanged at previous day's trading levels, according to the ZSE.
The Mining Index lost 9.71 points compared to the week ending June 10.
Post published in: Business Analysis