Market Commentary 4 September 2017

Market Commentary 4 September 2017
Published: 04 September 2017
INDUSTRIALS
The Industrial Index went up by 5.72 points (2.40%) to settle at 243.72 points as heavyweight counters gained ground. HIPPO (HIPO.zw) led the movers with a hefty $0.1900 to end at $1.1500,  DELTA (DLTA.zw) added $0.0726 to $1.4985 and SEEDCO (SEED.zw) advanced by $0.0710 to close at $1.8125. OLD MUTUAL (OML.zw) shifted up $0.0513 to $4.3213, PPC (PPC.zw) increased by $0.0479 to end $0.7800 while CAFCA (CAFCA.zw) closed at $0.2400 following a $0.0400 gain.

Two counters lost ground; CFI (CFI.zw) shed $0.0575 to close at $0.6300 and  WILLDALE (WILD.zw) lost $0.0005 to trade at $0.0035.

MININGS
The Mining index was flat at 74.05 points. BINDURA (BIND.zw),  FALGOLD (FALG.zw), HWANGE (HCCL.zw) and RIOZIM (RIOZ.zw) remained unchanged at previous trading levels at $0.0250, $0.0120,  $0.0260, and $$0.6525 in that order.
- zse
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