Market Commentary 21 July 2017

Market Commentary 21 July 2017
Published: 21 July 2017
INDUSTRIALS
The Industrial Index went past the 200 point mark for the first time since 10 September 2014 after putting on 0.70 points (0.35%) to close at 200.04 points. SEEDCO (SEED.zw) led the movers as it added $0.0271 to close at $1.3500, MEIKLES (MEIK.zw) rose by $0.0200 to trade at $0.2000 and PROPLASTICS (PROL.zw) went up $0.0051 to trade at $0.0650. Other gains were in NAMPAK (NPKZ.zw) and ZB FINANCIAL HOLDINGS (ZBFH.zw) which both traded $0.0050 to close at $0.0550 and $0.1700 respectively.

One counter lost ground; AFDIS (AFDS.zw) shed $0.0050 to trade $0.5950 whilst BARCLAYS (BARC.zw), DELTA (DLTA.zw) and OK ZIMBABWE (OKZ.zw) traded unchanged $0.0425, $1.2725 and $0.1010 respectively.

Week on week the industrial index was 1.63 points (0.82%) solid.

MININGS
The Mining index was flat at 69.00. BINDURA (BIND.zw), FALGOLD (FALG.zw), HWANGE (HCCL.zw) and RIOZIM (RIOZ.zw) remained unchanged at previous trading levels at $0.0290, $0.0100, $0.0250 and $0.5500 respectively.

The mining index lost 0.19 points (0.27%) compared to week ending 14 July 2017.
- zse
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