HARARE The Industrial Index firmed by 0.66 points to 161.24 points during the week under review - a 0,41 percentage change.
High-flyers for the week included mobile network operator Econet Wireless which recovered $0,07 to trade at $4,80.
Zimbabwe’s largest mobile telephone operator says it has invested more than $600 million in various projects countrywide in the country to date.
This year alone the telecommunications giant has dished out $460 million sprucing up its services and boosting equipment such as base stations at a time when international investment is nowhere to be found in the country. Other top counters were cement producer, Pretoria Portland Cement, which gained $0,04 to settle at $3,30, while ABC Holdings, the financial counter also listed on the Botswana Stock Exchange inched up $0,02 to end at $0,45.
Gains on the ZSE were also recorded at Dairibord Zimbabwe Holdings which has now “solved” its embarrassing impasse with the Harare City Council over unpaid levies for vendors, and mining counter Hwange Colliery Company, which moved up by $0,03 for the period.
Gains were, however, offset by losses in construction firm Murray & Roberts (Zimbabwe) Limited which retreated $0,09 to $0,17. M&R says its court case against Mace International Limited in the United Kingdom about “unfinished business” at the British Embassy in Harare, is still ongoing but costing thousands.
Losses were also recorded at CFI Holdings Limited which eased $0,50 to close at $0,10 while hotelier African Sun Limited lost $0,03 to trade at $0,20. Pearl Limited and Ariston Holdings Limited nose-dived by $0,01, respectively. The Mining Index recovered by 6.28 points to close at 192.75 points during the period. This was a 3,37 percentage change from previous trading levels.
Bindura Nickel Corporation pushed up $0,31 to settle at $8,31. Other mining counters such as Falcon Gold and Rio Tinto were mainly unchanged at previous trading levels.
Post published in: Economy