Market Commentary 12 July 2017

Market Commentary 12 July 2017
Published: 14 July 2017
INDUSTRIALS
The Industrial Index lost a further 0.07 points (0.04%) to close at 197.85 points. SEEDCO (SEED.zw) traded $0.0337 lower at $1.3663 whilst ARISTON (ARIS.zw) dropped $0.0020 to settle at $0.0080. PADENGA (PHL.zw) shed $$0.0010 to trade at $0.2715.

On the upside, HIPPO (HIPO.zw) added $0.0150 to close at $0.8250, whilst MASIMBA (MSHL.zw) gained $0.0112 to trade at $0.0520 and ECONET (ECO.zw) pushed up $0.0015 to trade at $0.3665. Other gains were in OLD MUTUAL (OML.zw) which added a marginal $0.0003 to close at $3.9300 on the back of decent trading activity and DAIRIBORD (DZL.zw) was up by $0.0001 to close at $0.0700.

MININGS
The Mining index slipped 0.79 points (1.13%) to close at 69.19 points after BINDURA (BIND.zw) went down by $0.0010 to close at $0.0290.  FALGOLD (FALG.zw), HWANGE (HCCL.zw)  and RIOZIM (RIOZ.zw) remained unchanged at previous trading levels at $0.0100, $0.0250 and $0.5525 respectively.

- zse
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