Market Commentary 30 August 2017

Market Commentary 30 August 2017
Published: 30 August 2017
INDUSTRIALS
The Industrial Index extended its upward trend by adding 3.60 points (1.58%) to close at 232.02 points. OLD MUTUAL (OML.zw) gained $0.0392 to close at $4.0901, SEEDCO (SEED.zw) added $0.0304 to $1.6079.  Other gains were in DELTA (DLTA.zw) which rose by $0.0298 to close at $1.3999 and PADENGA (PHL.zw) went up $0.0287 to close at $0.4487. INNSCOR (INN.ZW) also increased by $0.0150 to $0.7850 while AFDIS (AFDS.zw) was $0.0100 higher at $0.6700.

FIRST MUTUAL (FML.zw) and PROPLASTICS (PROL.zw) were the only lame ducks after losing $0.0050 and $0.0008 to close at $0.1150 and $0.0662 respectively.

MININGS
The Mining index recovered 3.93 points (5.65%) to close at 73.47 points after RIOZIM (RIOZ.zw) added $0.0475 to settle at $0.6500. BINDURA (BIND.zw) also gained $0.0003 to close at $0.0245 whilst FALGOLD (FALG.zw) and HWANGE (HCCL.zw) remained unchanged at previous trading levels at $0.0120 and $0.0260 respectively.
- zse
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