Market Commentary 26 July 2017

Market Commentary 26 July 2017
Published: 26 July 2017
INDUSTRIALS
The Industrial Index rebounded 1.06 points (0.53%) to settle at 201.21 points. BRITISH AMERICAN TOBACCO (BAT.zw) led the movers with a $0.0500 increase to close at $18.0500, SEEDCO (SEED.zw) gained $0.0256 to $1.3756 while ECONET (ECO.zw) put on $0.0090 to end at $0.3790. SIMBISA (SIM.zw) went up by $0.0088 to trade at $0.2163 and PADENGA (PHL.zw) added $0.0010 to close at $0.2775.
 
Two counters lost ground as ZB FINANCIAL HOLDINGS (ZBFH.zw) eased $0.0050 to trade at $0.1650 while OLD MUTUAL (OML.zw) inched down $0.0006 to end at $3.9294.

MININGS
The Mining index shed 3.55 points (5.14%) to close at 65.45 points after BINDURA (BIND.zw) came off $0.0045 to trade at 0.0245. FALGOLD (FALG.zw), HWANGE (HCCL.zw) and RIOZIM (RIOZ.zw) remained unchanged at previous trading levels at $0.0100, $0.0250 and $0.5500 respectively.

- zse
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