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Stock market closes in black after mixed week

22/10/2017 00:00:00
by Source.co.zw
 
 
RELATED STORIES

HARARE: The Zimbabwe Stock Exchange (ZSE) industrial index advanced 2,45 percent to close last week at 517,71 points, on gains in selected heavyweight counters.

The mining index however lost 8,85 percent to close at 128,87 points, on losses recorded by Bindura.

Market capitalisation increased by 2,77 percent in the week to close at $14,7 billion from $14,3 billion in the previous week.

Total market turnover declined by 40,65 percent to $33,1 million from $55,8 million recorded in the previous week.

The largest company by market capitalisation, Delta gained 5,16 percent to close at 306,16 cents while National Foods advanced 10 percent to settle at 750 cents.

Mobile operator, Econet added 1,93 percent to settle at 183,43 cents while Seedco advanced 0,26 percent to settle at 290,25 cents.

BAT and Innscor eased 0,03 percent and 0,14 percent to close at 3,560 cents and 178,25 cents respectively.

OML and Simbisa remained unchanged at 1,420 cents and 68 cents respectively.

Among the top gainers were Nampak and NicozDiamond whose share prices rose 24,14 percent and 20 percent to close at 18 cents and 4,8 cents respectively.

FML, ZB and Hippo gained 19,44 percent, 11,43 percent and 11,42 percent to settle at 21,5 cents, 39 cents and 168,25 cents in that order.

On the mining space, Bindura weighed down the resource index after easing 30,94 percent to close at 4,42 cents, offsetting the gain recorded by Riozim which picked up 3,64 percent to settle at 114 cents. Other mining counters Hwange and Falcon remained unchanged at 3,74 cents and 2,01 cents respectively.

Foreigners remained net sellers in the week, disposing of shares worth $15,4 million compared to buys of $12,4 million.



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