MARKET COMMENTARY 20/02/17

INDUSTRIAL INDEX

PREVIOUS                                                             TODAY

136.97                                                                      136.08

MINING INDEX

60.73                                                                            60.85  

INDUSTRIALS

The Industrial Index opened the week on a lower note after shedding 0.89 points (0.65%) to close at 136.08 points. DELTA (DLTA.zw) dragged the index down after falling $0.0200 to close at $0.8000. AXIA (AXIA.zw), INNSCOR (INN.zw), OLD MUTUAL (OML.zw) and PADENGA (PHL.zw) traded unchanged at $0.0700, $0.4800, $3.5000 and $0.1700 in that order.

Two counters traded in the positive territory; BRITISH AMERICAN TOBACCO (BAT.zw) traded $0.0356 higher at $15.0356 and HIPPO VALLEY ESTATES (HIPO.zw) moved up $0.0005 to close at $0.3680.

MININGS

The Mining index added 0.12 points (0.20%) to close at 60.85 points after RIOZIM (RIOZ.zw)  increased by $0.0015 to settle at $0.3265. BINDURA (BIND.zw), FALGOLD (FALG.zw) and HWANGE (HCCL.zw) remained unchanged at previous trading levels at $0.0400, $0.0100, and $0.0300 respectively.