Market Commentary 31 July 2017

Market Commentary 31 July 2017
Published: 31 July 2017
INDUSTRIALS
The Industrial Index opened the week on a higher note after gaining 1.19 points (0.59%) to close at 203.25 points. SIMBISA (SIM.zw) advanced by $0.0250 to trade at $0.2500, ECONET (ECO.zw) put on $0.0082 to end at $0.4000 while SEEDCO (SEED.zw) added $0.0075 to $1.3900. AXIA (AXIA.zw) was up by $0.0050 to close at $0.1250 whilst PADENGA (PHL.zw) was $0.0015 stronger at $0.2790.
 
There were no trades in the negative while BRITISH AMERICAN TOBACCO (BAT.zw), AFDIS (AFDS.zw), FBC HOLDINGS (FBCH.zw) and INNSCOR (INN.zw) traded unchanged at $18.0500, $0.6000, $0.1360 and $0.7275 respectively.

MININGS
The Mining index went up by 3.99 points (6.10%) to settle at 69.44 points. RIOZIM (RIOZ.zw) gained $0.0500 to close at $0.6000 and HWANGE (HCCL.zw) put on $0.0010 to $0.0260. BINDURA (BIND.zw) and FALGOLD (FALG.zw) remained unchanged at previous trading levels at $0.0245 and $0.0100 respectively. 

- zse
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