Industrials retreats again

Industrials retreats again
Published: 23 October 2013
The bearish trend continues to dominate with demand seemingly subdued and selling very much accelerated. Turnover slumped to $1,275,600 with notable trades being recorded in Econet, Barclays and Padenga.

The industrial index weighed down by 0.73 points (0.35%) to close at 209.63 points.

The tobacco processor BAT retreated a further 50 c to trade at 1200c and Colcom shed 3c to close at 27 cents. Other losses were in Innscor and TA Holdings both went down a cent to settle at 87c and 6c respectively. DZLH shed 0.50c to close at 18.50c.

Aico Africa led the movers as it gained 0.50c to trade at 5c and RTG gained 0.20c to close at 1.50c. CFI and Padenga traded 0.10c higher at 3.60c and 8.10c respectively.

The mining index slid 1.49 points (3.01%) to close at 47.97 points. RioZim eased a cent to trade at 32c and Hwange dropped 0.90c to close at 11.10c. Bindura and Falgold were unchanged at 2c and 5c respectively.

 The industrial index shed 0.35% to close on 210.36 points on the back of losses in BATZ down 50c, Colcom down 3c and Innscor down 1cent.  The mining index slumped 3.01% on the back of losses in Riozim and Hwange.
- zfn
Tags: Industrials, ZSE,

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