Market Commentary 5 October 2017

Market Commentary 5 October 2017
Published: 05 October 2017
INDUSTRIALS
The Industrial Index headed further north as it extended by 11.31 points (2.61%) to close at 444.27 points. Heavyweight counters continue to firm as BRITISH AMERICAN TOBACCO (BAT.zw) gained $3.0000 to trade at $35.0000, OLD MUTUAL (OML.zw) was up by $0.3219 to settle at $10.0164 and AFDIS (AFDS.zw) added $0.1533 to settle at $1.9000. Other gains were in telecoms giant ECONET (ECO.zw) which traded $0.0975 higher at $1.0656 , LAFARGE (LACZ.zw) moved up $0.0825 to close at $0.7025 and DELTA (DLTA.zw) traded $0.0303 higher at $2.7905.

Two countes lost ground; NMBZ (NMB.zw)  dropped $0.0050 to settle at $0.0850 and FBC HOLDINGS (FBC.zw) shed $0.0006 to close at $0.2425.

MININGS
The Mining index was unchanged at 140.71 points. BINDURA (BIND.zw), FALGOLD (FALG.zw), HWANGE (HCCL.zw)  and RIOZIM (RIOZ.zw)  remained unchanged at $0.0720, $0.0200, $0.0374 and $1.0100  respectively.
- zse
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