Market Commentary

Market Commentary
Published: 05 July 2017
INDUSTRIALS
The Industrial Index continued its resurgence as it added 0.91 points (0.46%) to close at 197.64 points. SEEDCO (SEED.zw) was $0.0400 solid at $1.4500, HIPPO (HIPO.zw) moved up by $0.0100 to settle at $0.8100 and FIRST MUTUAL (FML.zw) rose by $0.0049 to trade at $0.1125. Other gains were in telecoms giant ECONET (ECO.zw) which closed higher at $0.3595 after putting on $0.0044, AXIA (AXIA.zw) moved up by $0.0030 to $0.1000 and RAINBOW TOURISM GROUP (RTG.zw) improved by $0.0011 to settle at $0.0110.

BRITISH AMERICAN TOBACCO (BAT.zw), INNSCOR (INN.zw), OLD MUTUAL (OML.zw) and PADENGA (PHL.zw) traded unchanged at $18.0000, $0.7200, $3.9200 and $0.2705 in that order. There was no counter which traded in the negative territory.

MININGS
The Mining index added 0.19 points (0.27%) to close at 69.98 points on the back of gain in RIOZIM (RIOZ.zw) which was up by $0.0025 to close at $0.5525. BINDURA (BIND.zw), FALGOLD (FALG.zw) and HWANGE (HCCL.zw)  remained unchanged at previous trading levels at $0.0300, $0.0100 and $0.0250 respectively.


- ZSE
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