Market Commentary 17 October 2017

Market Commentary 17 October 2017
Published: 17 October 2017
INDUSTRIALS
The Industrial Index went further up by 4.35 points (0.85%) to close at 517.02 points. NATIONAL FOODS (NTFD.zw) gained a hefty $0.5900 to close at $7.500, HIPPO VALLEY (HIPO.zw) was up by $0.1108 to trade at $1.6800 whilst ZB FINANCIAL HOLDINGS (ZBFH.zw) increased by $0.0500 to $0.4000. NAMPAK (NPKZ.zw) also improved by $0.0290 to $0.1740 and FIRST MUTUAL (FML.zw) closed at $0.2132 after gaining $0.0132. Other gains were seen in  DELTA (DLTA.zw) which added  $0.0103 to trade at $3.0445 and PPC (PPC.zw) which moved up by $0.0070 to settle at $3.4700.

On the downside; OLD MUTUAL (OML.zw) lost $0.0291 to close at $14.2011, AXIA (AXIA.zw) marginally dropped by $0.0044 to trade at $0.2850 and INNSCOR (INN.zw) eased $0.0012 to close at $1.7813.

MININGS
The Mining index recovered 0.04 points (0.03%) to close at 134.48 points after RIOZIM (RIOZ.zw)   gained $0.0025 to close at $1.1025 whilst  BINDURA (BIND.zw) lost a marginal $0.0002 to $0.0550. FALGOLD (FALG.zw) and HWANGE (HCCL.zw)  remained unchanged at $0.0201  and  $0.0374  respectively. 
- zse
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