Market Commentary 1 December 2017

Market Commentary 1 December 2017
Published: 01 December 2017
INDUSTRIALS
The Industrial Index closed the week on a low note shedding 2.72 points (0.72%) to end at 373.97 points. PPC (PPC.zw) eased $0.1757 to end at $1.2501, DELTA (DLTA.zw)  lost $0.0522 to $1.9523 while BRITISH AMERICAN TOBACCO (BAT.zw) was down $0.0500 to end at $36.9000. OLD MUTUAL (OML.zw) came off $0.0115 to trade at $5.9915 while FIRST MUTUAL HOLDINGS LIMITED (FML.zw) decreased by $0.0100 to settle at $0.1850.

Gains were seen in SEEDCO (SEED.zw) which advanced by $0.0203 to close at $2.1000,  AXIA (AXIA.zw) added $0.0050 to settle at $0.2000 while STARAFRICACORPORATION (SACL.zw) put on $0.0020 to trade at $0.0220.

The Industrial index gained 55.32 points (17.36%) compared to week ending 24 November 2017.

MINING INDEX
The Mining index was steady at 126.86 points. BINDURA (BIND.zw), FALGOLD (FALG.zw), HWANGE (HCCL.zw) and RIOZIM (RIOZ.zw) remained unchanged at previous price levels at $0.0355,  $0.0220, $0.0380 and $1.1999  respectively.

The Mining index was up 0.23 points (0.18%) compared to week ending 24 November 2017.

- zse
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