Bindura drives mining index

Strength in Old Mutual, CBZ and selected low-cap stocks swung ZSE into an almost flat outcome on Thursday.

The ZSE Industrials closed a marginal 0,03% to 150,15 points and the minings gained 0,39% to 226 points following further strengths in Bindura. Bindura put on 0,59c to 13,1c in a $21 trade.

Bindura Nickel Corporation (BNC), majority owned by multi-commodity resources firm Mwana Africa recently signed a nickel off-take agreement with Glencore International AG , the world’s biggest commodities trader.

The agreement will cover all the nickel concentrate to be produced following the restart of operations at the Trojan mine located in Bindura.

Innscor lost 1c to 59c with a 52-week loss of 9,2%. Meikles was 1c down to 44c and Aico pared 0,1c to 18c.

There were gains in Old Mutual up 0,93c to 161,1c and CBZ which put on 0,5c to 18c.

Among individual counters Pioneer added 0,1c to 0,65c in the wake of a further cautionary.

Art was sellers only at 1,4c ahead of its AGM on Friday while Ariston also with its AGM today was steady at 1,45c.

Astra led the risers gaining 1c (or 25%) to 5c while MedTech was the worst performer losing 0,05c (or 25%) to 0,15c in a $47 trade.

Trade value dropped to $870 324 for 13,3 million shares.

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