Market Commentary 2 October 2017

Market Commentary 2 October 2017
Published: 02 October 2017
INDUSTRIALS
The Industrial Index opened the new month on a higher note after adding 2.52 points (0.60%) to close at 420.91 points. Tobacco giant BRITISH AMERICAN TOBACCO (BAT.zw) powered a $0.7500 to close at $31.0000, OLD MUTUAL (OML.zw) was $0.4530 to trade at $9.6459 and SEEDCO (SEED.zw) gained $0.03500 to settle at $2.8398. Other gains were in EDGARS (EDGR.zw) which moved up $0.0080 to close at $0.0580 and DELTA (DLTA.zw) increased by $0.0075 to $2.7577.

The gains were partially offset by losses in MEIKLES (MEIK.zw) which eased $0.0084 to close at $0.3816, PADENGA (PHL.zw) came off $0.0024 to close at $0.8976 whilst FIDELITY LIFE (FIDL.zw) and WILLDALE (WILD.zw) shed $0.0015 each to close at $0.1360 and $0.0064 respectively.

MININGS
The Mining index was 7.89 points (6.44%) stronger at 130.46 points after BINDURA (BIND.zw) added $0.0100 to settle at $0.0600.  FALGOLD (FALG.zw), HWANGE (HCCL.zw) and RIOZIM (RIOZ.zw)  remained unchanged at $0.0200, $0.0374 and $1.0000 respectively.


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