Market Commentary 29 August 2017

Market Commentary 29 August 2017
Published: 29 August 2017
INDUSTRIALS
The Industrial Index continued its strong performance as it gained a further 2.77 points (1.23%) to close at 228.42 points as it moves closer to the all time high of 233.18 points. Today's session was characterised by gains across the board. SIMBISA (SIM.zw) gained a hefty $0.0369 to close at $0.4119, PADENGA (PHL.zw) increased by $0.0175 to trade at $0.4200 as SEEDCO (SEED.zw) added $0.0145 to close at $1.5775.  Other gains were in the cement manufacturer PPC (PPC.zw) which was $0.0131 higher at  $0.7256, DELTA (DLTA.zw) rose by $0.0116 to close at $1.3701 and AFDIS (AFDS.zw) went up $0.0100 to close at $0.6600.

There were no counters which traded in the negative territory.

MININGS
The Mining index slipped 0.23 points (0.33%) to close at 69.54 points after BINDURA (BIND.zw) eased $0.0003 to close at $0.0242. FALGOLD (FALG.zw), HWANGE (HCCL.zw) and RIOZIM (RIOZ.zw) remained unchanged at previous trading levels at $0.0120, $0.0260 and $0.6025 respectively.
- zse
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