Market Commentary 01 September 2017

Market Commentary 01 September 2017
Published: 01 September 2017
INDUSTRIALS
The Industrial Index soared by a further 2.97 points (1.26%) to close the week at 238.00 points on the back of improved trading activity. Insurance giant OLD MUTUAL (OML.zw) was up by $0.1575 to close at $4.2700, DELTA (DLTA.zw) added $0.0152 to close at $1.4259 and ECONET (ECO.zw) rose $0.0115 to settle at $0.5000. AXIA (AXIA.zw) traded $0.0101 higher at $0.1701 whilst DAIRIBORD (DZL.zw) improved by $0.0100 to close at $0.1200.

Two counters traded in red; ZB FINANCIAL HOLDINGS (ZBFH.zw) dropped $0.0100 to trade at $0.1850 and STARAFRICACORPORATION (SACL.zw) shed $0.0001 to trade at $0.0130.

The industrial index rose by a hefty 15.92 points (7.17%) compared to week ending 25 August 2017.

MININGS
The Mining index went up by 0.58 points (0.79%) to close at 74.05 points after RIOZIM (RIOZ.zw)  increased by $0.0025 to settle at $0.6525 and  BINDURA (BIND.zw) added $0.0005 to close at $0.0250. FALGOLD (FALG.zw) and HWANGE (HCCL.zw) remained unchanged at previous trading levels at $0.0120 and $0.0260 respectively.  

Week on week the mining index added 3.88 points (5.53%).
- zse
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