Market Commentary 16 October 2017

Market Commentary 16 October 2017
Published: 16 October 2017
INDUSTRIALS
The Industrial Index opened the week on a higher note after adding 7.35 points (1.45%) to close at 512.67 points. DELTA (DLTA.zw) beverages added another $0.1353 to trade at $3.0343, PPC (PPC.zw) moved up $0.1109 to settle at $3.4630 and NATIONAL FOODS (NTFD.zw) gained $0.1078 to close at $6.9100. HIPPO VALLEY (HIPO.zw) was up by $0.0592 to trade at $1.5692 and OLD MUTUAL (OML.zw) traded $0.0304 higher at $14.2302.

On the down side; MEIKLES ( MEIK.zw) lost $0.0200 to close at $0.3800, BRITISH AMERICAN TOBACCO (BAT.zw) marginally dropped $0.0094 to trade at $35.6000 and AFRICAN SUN (ASUN.zw) eased $0.0090 to close at $0.0410. DAIRIBORD (DZL.zw) shed $0.0029 to trade at $0.1721 and INNSCOR (INN.zw) dropped $0.0025 to settle at $1.7825.

MININGS
The Mining index shed 6.95 points (4.92%) to close at 134.44 points after  BINDURA (BIND.zw) slipped $0.0088 to $0.0552. FALGOLD (FALG.zw) HWANGE (HCCL.zw) and  RIOZIM (RIOZ.zw)   remained unchanged at $0.0201  $0.0374 and  $1.1000 respectively.

- zse
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