MARKET COMMENTARY 23/02/17

INDUSTRIAL INDEX

PREVIOUS                                        TODAY

135.82                                                 135.25

MINING INDEX

60.85                                               60.89  

INDUSTRIALS

The Industrial Index retreated by 0.57 points (0.42%) to close at 135.25 points in mixed trading. The seed producer SEEDCO (SEED.zw) fell by $0.0125 to close at $0.9775 and ECONET (ECO.zw) lost $0.0112 to settle at $0.1496. INNSCOR (INN.zw) eased $0.0075 to trade at $0.4700 whilst BARCLAYS (BARC.zw) dropped $0.0010 to $0.0220.

The losses were partially offset by gains in DELTA (DLTA.zw) and NATFOODS (NTFD.zw) which both traded $0.0025 higher to close at $0.8125 and $3.5125 respectively. SIMBISA (SIM.zw) was up by $0.0009 to close at $0.1625.

MININGS

The Mining index inched up by 0.04 points (0.07%) to close at 60.89 points after RIOZIM (RIOZ.zw) added $0.0005 to trade at $0.3270.  BINDURA (BIND.zw), FALGOLD (FALG.zw) and HWANGE (HCCL.zw) and remained unchanged at previous trading levels at $0.0400, $0.0100, and $0.0300 respectively.