In exclusive interviews with The Zimbabwean the stockbrokers said the Industrial Index had shot up by 0.30 points to close at 166.30 points while the Mining Index had risen by 0.73 points to close at 160.06 points.
The ZSE said the Industrial Index had changed by 0,18 percentage points while the Mining Index, on the other hand, had changed by 0,46 percent for the period under review.
Stock brokers interview said counters that had done well during the week included South African controlled insurance giant Old Mutual Limited (Old Mutual) up by 1,7c, clothing chain Edgars Limited (Edgars) up by 1c, supermarket chain OK Zimbabwe Limited (OK) by0,99c, Hunyani Limited (Hunyani) also up by 0,99c, and mining firm Bindura Nickel Corporation Limited (Bindura) which shot up by 0,5c.
Counters that won the wooden spoon on the bourse included British American Tobacco Limited (BAT) down by 5c, AICO Africa Limited (AICO) down by 1c, the wealthy Meikles Africa Limited (MAL) 1c, as well as major asbestos producer Turnall Limited (Turnall) also nose-diving by 1c, and construction concern Murray & Roberts (Zimbabwe) Limited (M&R) down by 0,9c.
Stock brokers said the Mining Index, which closed at 160.06 points did so because Bindura added 50c to close at 7,50c for the period under review.
Stock market analysts told the Zimbabwean in separate interviews that the continued repetition that the army commanders would not salute Prime Minister, Morgan Tsvangirai, current President of the MDC-T made investors "very jittery" about investing on the bourse today.
They said many investors who were interested in Zimbabwe were sitting on the fence right now awaiting the way forward after the next SADC Meeting penciled in for Windhoek, Namibia early next month.
Post published in: Business Analysis