Market Commentary 22 September 2017

Market Commentary 22 September 2017
Published: 22 September 2017
INDUSTRIALS
The Industrial Index rebounded 1.66 points (0.46%) to end the week at 366.08 points. Heavyweights gained ground as BRITISH AMERICAN TOBACCO (BAT.zw) added $3.1317 to close at $26.0667, AFDIS (AFDS.zw) advanced by $0.1500 to $1.7000 while HIPPO (HIPO.zw) was up $0.0500 to trade at $1.3500. OLD MUTUAL (OML.zw) was $0.0206 higher at $7.8300 while DAIRIBOARD (DZLH.zw) closed at $0.1400 following a $0.0150 increase.
 
Trading in the negative; OK ZIMBABWE (OKZ.zw)  led the shakers with a $0.0400 loss to end at $0.3000 and AXIA (AXIA.zw) shed $0.0149 to $0.2800. NMB HOLDINGS (NMBZ.zw) and  SIMBISA (SIM.zw) both lost $0.0050 to close at $0.0850 and $0.6950 respectively whilst DELTA (DLTA.zw) inched down $0.0005 to trade at $2.2001.
 
Week on week Industrial index shed 33.95 points (8.49%).

MININGS
The Mining index gained 0.93 points (0.94%) to settle at 99.67 points. RIOZIM (RIOZ.zw) improved by $0.0067 to $0.8067 and BINDURA (BIND.zw) added $0.0005 to close at $0.0400. to FALGOLD (FALG.zw) and HWANGE (HCCL.zw) remained unchanged at $0.0200 and $0.0374 respectively.

Week on week Mining index gained 8.21 points (8.98%).

- zse
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