Market Commentary 11 December 2017

Market Commentary 11 December 2017
Published: 11 December 2017
INDUSTRIALS
The Industrial Index opened the week on a lower note after dropping 2.33 points (0.69%) to close at 333.64 points as three counters lost ground. OLD MUTUAL (OML.zw) was the biggest loser shedding $0.3624 to close at $4.3939, ECONET (ECO.zw) eased $0.0620 to settle at $0.9783 and FIRST MUTUAL HOLDINGS (FML.zw) slipped $0.0050 to close at $0.1800.

DELTA (DLTA.zw) was the only counter in the positive territory after putting on $0.0454 to trade at $1.5600. POWERSPEED (PWS.zw) traded unchanged at $0.0750.

MINING INDEX
The Mining index gained 3.99 points (3.00%) to close at 136.78 points following a $0.051 gain in BINDURA (BIND.zw) to close at $0.0481. FALGOLD (FALG.zw), HWANGE (HCCL.zw) and RIOZIM (RIOZ.zw) remained unchanged at previous price levels at $0.0380, $$0.0220 and $1.2000 respectively.

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