Market Commentary 29 September 2017

Market Commentary 29 September 2017
Published: 29 September 2017
INDUSTRIALS
The Industrial Index closed the week at an all time high of 418.39 points after gaining 4.49 points (1.08%). Insurance giant OLD MUTUAL (OML.zw) gained a significant $0.8786 to end at $9.1929, PPC (PPC.zw) was up $0.2375 to $1.4350 while BRITISH AMERICAN TOBACCO (BAT.zw) advanced by $0.2000 to settle at $30.2500. SEEDCO (SEED.zw) went up by $0.0750 to close at $2.8048, ZB FINANCIAL HOLDINGS (ZBFH.zw) put on $0.0500 to trade at $0.3400 and HIPPO (HIPO.zw) closed at $1.4000 following a $0.0300 increase.

LAFARGE (LACZ.zw) came off $0.0800 to close at $0.6200, DELTA (DLTA.zw)  decreased by $0.0354 to $2.7502 whilst BARCLAYS (BARC.zw) shed $0.0041 to trade at $0.0660. PADENGA (PHL.zw) was $0.0013 weaker at $0.9000.

Week on week Industrial index rallied 52.31 points (14.29%).

MININGS
The Mining index gained 14.09 points (12.98%) to end at 122.57 points following a $0.1000 jump in RIOZIM (RIOZ.zw) to settle at $1.0000 and  BINDURA (BIND.zw) improved by $0.0080 to $0.0500.  FALGOLD (FALG.zw) and HWANGE (HCCL.zw) remained unchanged at $0.0200 and $0.0374 respectively.

Week on week Mining index advanced by 22.90 points (22.98%).

- zse
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