Market Commentary 20 September 2017

Market Commentary 20 September 2017
Published: 20 September 2017
INDUSTRIALS
The Industrial Index extended the losses shedding 4.18 points (1.13%) to end at 367.13 points. PADENGA (PHL.zw) dropped $0.1500 to close at $0.8500,  DELTA (DLTA.zw)  lost a further $0.0935 to $2.2002 while SIMBISA (SIM.zw) was $0.0298 weaker at $0.7102. INNSCOR (INN.zw) eased $0.0249 to trade at $1.4751 and AXIA CORPORATION LIMITED (AXIA.zw) decreased by $0.0190 to settle at $0.3000.

Losses were countered by gains in BRITISH AMERICAN TOBACCO (BAT.zw) which jumped by $3.6500 to end at $22.0000 while OLD MUTUAL (OML.zw) added a significant $0.4164 to close at $7.7114. COLCOM (COLC.zw) advanced by 0.1000 to $0.6025, AFDIS (AFDS.zw) improved by $0.0500 to trade at $1.5500 while  CBZ (CBZ.zw) was $0.0201 stronger at $0.2000.

MININGS
The Mining index was up 1.80 points (1.86%) to settle at 98.69 points. HWANGE (HCCL.zw) put on $0.0062 to end at $0.0374 and BINDURA (BIND.zw) added $0.0014 to close at $0.0394. FALGOLD (FALG.zw) and RIOZIM (RIOZ.zw)  remained unchanged at $0.0200 and $0.8000 respectively.
- zse
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