Industrial index opens weak

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The industrial index opened the year 1,14 points weaker 144,72 points weaker due to loses that dominated the trading on Tuesday.

It had closed the year at 145,86points.
The mining index gained to 102,17 points from 100,70 points last day of trade last year.

The loses in the industrial index were seen in CAFCA, ABCH, Ariston, FBCH and NTS while gains were noted in Pioneer, Edgars and Zimpapers.

After the trades CAFCA lost 6,5 cents to 65 cents, ABCH lost 5 cents to trade at 90 cents while FBCH and NTS eased 0,50 cents to close at 6 cents and 3 cents respectively.

Aritson was down 0,40 cents at 0,50 cents and Innscor was 0,39 cents lower at 54,11cents.

Three counters — Pioneer, Edgars and Zimpapers — gained to trade at 6 cents, 9,10 cents and 0,80 cents respectively.

For the mining index Falgold, Hwange and RioZim were unchanged while Bindura gained a cent to settle at 3 cents.

As at December 30 2011 the industrial index recorded gains in SeedCo, Hippo, ABC — Aico Africa and ZB Financial Holdings.

Seedco closed at 110 cents, Hippo 115 cents, ABCH 95 cents while Aico Africa gained 3 cents to 19 cents. ZB Financial Holdings closed at 20 cents.

The mining index closed at 100,70points as Bindura, Falgold, Hwange and RioZim were unchanged at 2 cents, 6cents, 40 cents and 35 cents respectively.