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Stock market ends week positive
12/07/2014 00:00:00
by The Source I Business Reporter
 
 
RELATED STORIES
Stock market falls 8pc on weak economy

THE equities market ended the week in the positive after the industrial index gained 0.15 points on Friday to close at 186.78 points, driven by gains in SeedCo.

Investors continue to trade cautiously as there is no clear cut direction the market is taking.

SeedCo was up 1.01 cents to close at 74.01 points, while NMB and Zimplow both traded 0.50 cents higher to close at six cents and 8.50 cents.

Turnall added 0.35 cents to close at 3.50 cents and Colcom increased by 0.30 cents to trade at 22.30 cents.

Losses were recorded in African Sun and Mashonaland Holdings which lost 0.10 cents each to close at 2.60 cents and 2.40 cents while Dawn eased 0.05 cents to trade at 0.95 cents.

The industrial index lost a total of 0.66 points this week compared to the preceding week.

The mining index shed 1.80 points to close at 55.17 points after Bindura slipped 0.20 cents to close at 4.30 cents. Falgold, Hwange and RioZim maintained previous trading levels.

Week on week, the mining index rose by 0.61 points.

Company News

ABC Holdings Limited - Further to the cautionary announcement of 19 June 2014 in relation to the Atlas Mara transaction initially published on 01 April 2014, shareholders are advised that the process of obtaining regulatory and other approvals is still ongoing. Shareholders are advised to continue exercising caution when dealing with the company’s shares.



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