Industrials sinks further into the red

Industrials sinks further into the red
Published: 14 July 2016

The mainstream industrial index sunk further into the red with a 0.80 loss to settle at 100.59 in today's trades.

Beverages giant Delta led the shakers with a $0,0163 decline to close at $0,6812 just as it announced an 11 percent decline in revenues for the first quarter ended June 30, 2016.

Other losers included seed producer SeedCo, which was down $0,0036 to $0,5650 and NMB Holdings which retreated $0,0010 to trade at $0,0370, while Padenga closed at $0,0866 after a $0,0004 loss.

On the upside, giant insurer Old Mutual added $0,0025 to close at $2,2875 while Hippo, Innscor and OK Zimbabwe traded unchanged at $0,2000, $0,1700 and $0,0330 in that order.

The Mining index remained unchanged at 24.70 as Bindura, Falgold, Hwange and RioZim were unchanged on previous price levels. 
- b24
Tags: INdustrials, ZSE,


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