Market Commentary 19 July 2017

Market Commentary 19 July 2017
Published: 19 July 2017
INDUSTRIALS
The Industrial Index resumed the upward trend after adding 0.65 points (0.33%) to settle at 198.55 points in a session characterised by widespread activity. CFI (CFI.zw) led the movers with a $0.0430 to close at $0.2590, HIPPO (HIPO.zw) and  PPC (PPC.zw) both went up by $0.0200 to trade at $0.8700 and $0.7100 respectively. SEEDCO (SEED.zw) put on $0.0088 to $1.2613 whilst PROPLASTICS (PROL.zw) added $0.0049 to end at $0.0599.
 
Losses were seen in only four counters as OLD MUTUAL (OML.zw)  lost $0.0027 to close at $3.9273 and PADENGA (PHL.zw) came off $0.0010 to trade at $0.2730. UNIFREIGHT (UNIF.zw)  shed $0.0009 to $0.0111 while BARCLAYS (BARC.zw) closed at $0.0425 following a $0.0005 loss.

MININGS
The Mining index retreated 0.19 points (0.27%) to close at 69.00 after RIOZIM (RIOZ.zw) eased $0.0025 to trade at $0.5500. BINDURA (BIND.zw), FALGOLD (FALG.zw) and HWANGE (HCCL.zw) remained unchanged at previous trading levels at $0.0290, $0.0100 and $0.0250 respectively.
 
- zse
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