Market commentary

INDUSTRIAL INDEX

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PREVIOUS TODAY

182.64 184.76

MINING INDEX

72.01 68.45

INDUSTRIALS

The industrial index rebounded 2.12 points (1.16%) to close at 184.76 points. OLD MUTUAL (OML.zw) added 11.01 cents to 201.01 cents, CAFCA (CAFCA.zw) rose 5 cents to 60 cents and DELTA (DLTA.zw) pushed up 2.50 cents to settle at 112.50 cents. ECONET (ECO.zw) gained 1.20 cents to trade at 72.20 cents after the share split in the ratio of 10 new shares for 1 old share. TURNALL (TURN.zw) was a cent firmer at 6 cents, DZLH (DZL.zw) advanced 0.50 cents to 29.50 cents and ZIMPLOW (ZIMW.zw) pushed up 0.40 cents to 3.50 cents.

On the downside, FIDELITY LIFE (FIDL.zw) was down 0.50 cents to 13 cents. POWERSPEED (PWS.zw) retreated 0.30 cents to trade at 1.50 cents and BAT (BAT.zw) was 0.01 cents weaker at 725 cents.

Week on week the industrial index eased 1.84 points (0.99%).

MININGS

The mining index shed 3.56 points (4.94%) to close at 68.45 points. BINDURA (BIND.zw) eased 0.40 cents to trade at 2.10 cents whilst FALGOLD (FALG.zw), HWANGE (HCCL.zw) and RIOZIM (RIOZ.zw) were unchanged at previous trading levels.

Week on week the mining index slipped 12.01 points (14.93%).

Post published in: Business

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