Market Commentary 26 June 2018

Market Commentary 26 June 2018
Published: 26 June 2018
The Zimbabwe Stock Exchange turnover rose to $5,584,981 in today's trade. The mining index eased 1.88 percent to 159.41 points after RioZim climbed down 2.62 percent to settle at 146 cents.

The industrials and All Share indexes shed 3.82 percent and 3.97 points to close at 341.96 cents and 102.46 cents, respectively. The Top 10 index also declined 4.93 percent to 103.46 points.

Leading the fallers was sugar processer Star Africa which declined 18.75 percent to 1.30 cents. Delta's share price slumped 4.02 percent to settle at 180 cents, with some 545,586 shares of the company going through. Hippo Valley Estates came down 0.33 percent to 150 cents. Innscor eased 1.43 percent to 138 cents, with Econet Wireless also dipping 8.12 percent to close at 99.74 cents. Padenga Holdings retreated 0.38 percent to 64.75 cents while Seed Co going down 6.98 percent to 200 cents.

Partially offsetting the losses was cigarette manufacturer BAT Zimbabwe which was marginally up by 0.16 percent to 2,499 cents. National Foods also surged 0.18 percent to 546 cents. Milk processor Dairibord Zimbabwe Holdings also closed 3.17 percent firmer to settle at 13 cents.
- zse
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