Industrials in second day loses

Industrials in second day loses
Published: 26 June 2014
The equities market further declined today, going down 0.64 percent after bucking a prolonged bullish trend yesterday.

The industrial index went down 1.22 points to close at 188.37 points largely weighed down by profit-taking in heavyweight Econet.

The giant telecoms firm retreated 3 cents to trade at 70 cents. Also down 3 cents were heavyweights Lafarge and PPC, which traded at 62 cents and 227 cents respectively. TSL lost 2 cents to close at 28 cents and Meikles eased 1.80 cents to 20.10 cents.

On a positive note, Old Mutual added 1.90 cents to close at 262 cents. Other gains were in RTG which was up 0.10 cents to settle at 1.2 cents, Dawn and Mash increased 0.01 cents each to close at a cent and 2.41 cents respectively.

Volumes remained thin, resulting in a value of trades of $437K.

The mining index rose 0.39 points (or 0.64 percent) to close at 61.71 points after Riozim had a firm bid at 21 cents.

Bindura, Falgold and Hwange maintained previous trading levels.
- BH24


Latest News

Latest Published Reports

Latest jobs