Market Commentary 6 October 2017

Market Commentary 6 October 2017
Published: 06 October 2017
INDUSTRIALS
The Industrial Index ended the week higher at 448.83 points after putting on 4.56 points (1.03%). as BRITISH AMERICAN TOBACCO (BAT.zw) gained a further $1.4242 to close at $36.4242, NATIONAL FOODS (NTFD.zw) traded $0.3094 solid at $6.4600 and OLD MUTUAL (OML.zw) added $0.1407 to close at $10.1571. ECONET (ECO.zw) was $0.0369 firmer at $1.1025 and FIRST MUTUAL HOLDINGS (FML.zw) moved up $0.0200 to close at $0.1200.

Counters which traded in the negative terrirory included AXIA (AXIA.zw) which came off $0.0183 to settle at $0.3117, PADENGA (PHL.zw) went down $0.0130 to $0.8869 and INNSCOR (INN.zw) retreated by $0.0095 to trade at $1.7905. MASIMBA (MSHL.zw) shed $0.0090 to close at $0.0710 whilst MEIKLES (MEIK.zw) was $0.0041 lower at $0.3936.

Week on week the industrial index increased by 30.44 points (7.28%)

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.

The mining index was up by 18.14 points (14.80%) compared to week ending 29 September 2017.
- zse
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