Market Commentary 8 December 2017

Market Commentary 8 December 2017
Published: 08 December 2017
INDUSTRIALS
The Industrial Index closed the week lower at 335.97 points after losing 6.84 points (2.00%). BRITISH AMERICAN TOBACCO (BAT.zw) shed $0.8152 to close at $36.0600, added $0.0276 ECONET (ECO.zw) dropped $0.0560 to $1.0403 while DELTA (DLTA.zw) eased $0.0479 to settle at $1.5146. OLD MUTUAL (OML.zw) came off $0.0437 to end at $4.7563 and DAIRIBOARD (DZL.zw) was down $0.0276 to close at $0.1120.
 
Trading in the positive territory; SEEDCO (SEED.zw) put on $0.0061 to trade at $2.0900, NMB HOLDINGS LIMITED (NMB.zw) was up $0.0060 to $0.0960 while ZIMRE HOLDINGS LIMITED (ZIMR.zw)  advanced by $0.0036 to close at $0.0216. PPC (PPC.zw)  added $0.0024 to end at $1.2525 and AXIA (AXIA.zw) went up by $0.0015 to close at $0.1700.

Week on week Industrial index went down by 38.00 points (10.16%).

MINING INDEX
The Mining index was steady at 132.79 points. BINDURA (BIND.zw),  FALGOLD (FALG.zw), HWANGE (HCCL.zw) and RIOZIM (RIOZ.zw) remained unchanged at previous price levels at $0.0430,  $0.0380, $$0.0220 and $1.2000 respectively.

Week on week Mining index gained 5.93 points (4.67%).

- zse
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