Market Commentary 19 October 2017

Market Commentary 19 October 2017
Published: 19 October 2017
INDUSTRIALS
The Industrial Index recovered 1.28 points (0.25%) to close at 517.23 points.MEIKLES (MEIK.zw) led the movers with a $0.0577 gain to trade at $0.4077 , ECONET (ECO.zw) went up by $0.0246 to close at $1.8357 whilst the cement maker LAFARGE (LACZ.zw) closed at $0.8275 after gaining $0.0075.Other gains were recorded in NMB (NMB.zw) which put on $0.0050 to trade at $0.0950. HIPPO (HIPO.zw) and DAIRIBORD (DZL.zw) both gained $0.0025 to setlle at $1.6825 and $0.1750 respectively.

On the down side; PADENGA (PHL.zw) lost $0.0449 to trade at $0.8051 , OLD MUTUAL (OML.zw) decreased by $0.0253 to close at $14.2000 and AFDIS (AFDS.zw) eased $0.0062 to $1.9000. INNSCOR (INN.zw) also dropped by a marginal $0.0002 to end at $1.7825 and AXIA (AXIA.zw) moved down by $0.0001 to $0.2800.

MININGS
The Mining index went further down by 5.07 points (3.81%) to close at 128.05 points after BINDURA (BIND.zw) lost  $0.0091 to close at $0.0442. RIOZIM (RIOZ.zw) gained $0.0269 to close at $1.1294 whilst FALGOLD (FALG.zw) and HWANGE (HCCL.zw) remained unchanged at $0.0201 and  $0.0374 respectively.

- zse
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