Market Commentary 11 July 2017

Market Commentary 11 July 2017
Published: 14 July 2017
INDUSTRIALS
The Industrial Index retreated 0.35 points (0.18%) to settle at 197.92 points as four counters lost ground. SEEDCO (SEED.zw) shed $0.0499 to trade at $1.4000, MEIKLES (MEIK.zw) eased $0.0496 to $0.2005 while FIRST MUTUAL (FML.zw) lost $0.0130 to close at $0.1050. AXIA (AXIA.zw) and  OLD MUTUAL (OML.zw) each came off $0.0003 to trade at $0.1100 and $3.9297 respectively.

Losses were countered by gains in CFI (CFI.zw) which advanced by  $0.0120 to close at $0.1800, OK ZIMBABWE (OKZ.zw) added $0.0030 to end at $0.0980 while ECONET (ECO.zw) put on $0.0025 to settle at $0.3650. COLCOM (COLC.zw) shifted up $0.0024 to $0.4124 while INNSCOR (INN.zw) closed at $0.7225 following a $0.0021 increase.

MININGS
The Mining index was flat at 69.98 points. BINDURA (BIND.zw), FALGOLD (FALG.zw), HWANGE (HCCL.zw)  and RIOZIM (RIOZ.zw) remained unchanged at previous trading levels at $0.0300, $0.0100, $0.0250 and $0.5525 respectively.

- zse
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