Market Commentary 23 August 2017

Market Commentary 23 August 2017
Published: 23 August 2017
INDUSTRIALS
The Industrial Index surged by 2.81 points (1.31%) to close at 217.90 points in a rally across the board. Heavyweight counters dominated the session as BRITISH AMERICAN TOBACCO (BAT.zw) rose by $0.0500 to trade at $18.1500, PADENGA (PHL.zw) added $0.0395 to close at $0.3500 and SIMBISA (SIM.zw) was up by $0.0209 to settle at $0.3310. Other gains were in OLD MUTUAL (OML.zw) and SEEDCO (SEED.zw) which both added $0.0150 to close at $4.0282 and $1.5425 respectively.

EDGARS (EDGR.zw) and MASIMBA (MSHL.zw) went down by $0.0020 each to close at $0.0500 and $0.0590 respectively. PROPLASTICS (PROL.zw) eased $0.0012 to close at $0.0670.

MININGS
The Mining index was unchanged at 74.04 points.  BINDURA (BIND.zw), FALGOLD (FALG.zw), HWANGE (HCCL.zw) and RIOZIM (RIOZ.zw) remained unchanged at previous trading levels at $0.0299, $0.0120, $0.0260 and $0.6025 respectively.
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