Market commentary

INDUSTRIAL INDEX

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PREVIOUS TODAY

156.41 159.90

MINING INDEX

68.69 72.25

INDUSTRIALS

The industrial index closed higher for the 7th consecutive day after gaining 3.49 points (2.23%) to close at 159.90 points. ECONET (ECO.zw) pushed up 14 cents to trade at 480 cents, HIPPO (HIPO.zw) rose 10 cents to settle at 120 cents and MEIKLES (MEIK.zw) added 5.01 cents to trade at 21.01 cents. DELTA (DLTA.zw) advanced 3.07 cents to 108.07 cents, PPC (PPC.zw) was up 2 cents to close at 210 cents and ABCH (ABH.zw) added a cent to 46 cents.

However, TN BANK (TNBK.zw) lost 0.50 cents to 15 cents. AFRE (AFRE.zw) slipped 0.20 cents to trade at 5 cents and CBZ (CBZ.zw) shed 0.10 cents to settle at 10.10 cents.

Week on week the industrial index gained 8.07 points (5.32%).

MININGS

The mining index pushed up 3.56 points (5.18%) to close at 72.25 points. BINDURA (BIND.zw) gained 0.40 cents to close at 1.90 cents whilst FALGOLD (FALG.zw), HWANGE (HCCL.zw) and RIOZIM (RIOZ.zw) were unchanged at the previous trading level.

Week on week the mining index gained 5.88 points (8.86%).

Post published in: Business

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