Market Commentary 31 August 2017

Market Commentary 31 August 2017
Published: 31 August 2017
INDUSTRIALS
The Industrial Index registered a new all time high post dollarization  having surpassed 233.18 points set on 01 August 2013 to close at 235.03 points after putting on 3.01 points (1.30%).   SEEDCO (SEED.zw) added a significant $0.1336 to close at $1.7415, SIMBISA (SIM.zw) extended further gains by adding $0.0581 to close at $0.4700 and OLD MUTUAL (OML.zw) increased by $0.0224 to settle at $4.1125. The beverage giant DELTA (DLTA.zw) moved up by $0.0108 to trade at $1.4107 and ECONET (ECO.zw) improved 0.0065 to close at $0.4885.

Two counters lost ground; MEIKLES (MEIK.zw) dropped $0.0150 to $0.2100 and EDGARS (EDGRS.zw) traded $0.0050 lower at $0.0450. CFI (CFI.zw), OK ZIMBABWE (OKZ.zw), TURNALL (TURN.zw) and ZIMRE (ZIMR.zw) traded unchanged at $0.6875, $0.1405, $0.0100 and $0.0160 in that order.

MININGS
The Mining index was steady at 73.47 points. BINDURA (BIND.zw), FALGOLD (FALG.zw), HWANGE (HCCL.zw) and RIOZIM (RIOZ.zw)  remained unchanged at previous trading levels at $0.0245 , $0.0120, $0.0260 and $0.6500 respectively.
- zse
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