HARARE - THe Industrial Index's week long loses led it to close 1.26 points lower at 164.12 points says the Zimbabwe Stock Exchange (ZSE).
The bourse said this was a 0.76 percentage change for the week under review. It said the Industrial Index lost 4.08 points compared to the week ending March 18, 2011 which was a 2.43 percentage change.
Counters that did well for the period under review included BAT Limited (BAT), the cigarette manufacturer, coal concern Whange Colliery Company Limited (HCCL), Interfin Financial Holdings Limited (IFS), cables manufacturer and producer CAFCA Limited (CAFCA), and asbestos concern Turnall Limited (Turnall).
Those that won the “wooden spoon” this week were Lafarge Limited, the cement manufacturer, food producer Innscor Corporation Limited (Innscor), Murray and Roberts Limited, which last week told shareholders that it was suing a United Kingom based firm for failing to pay for the new British Embassy in Harare, the welthy Meikles Africa Limited (MAL), and Seed Co Limited (SeedCo).
The ZSE said the Mining Index, on the otherr hand, had its sixth week of consecutive losses following a 2.60 points drop at 232.17 points.
The bourse said this was a 1.11 percentage change for the week under review.
It said week-on-week the Mining Index lost a hefty 17.60 points, which was a 7.05 percentage change for the period under review.
Post published in: Manufacturing