HomeBusinessIndustrial, mining indices on downward trend

Industrial, mining indices on downward trend


PERFORMANCE of the industrial and mining indices continued to be dampened on the Zimbabwe Stock Exchange, data released by the bourse shows.


The Industrial index was 0,54 points lower to close at 194,71 points yesterday.

Seedco put off 5,01 cents to 89,99 cents, while cement concern Lafarge decreased by 2,01 cents to 64,9 cents.

Dairibord shed 0,49 cents to 9,51 cents. ART and Mash lost 0,1 cents each to settle at 0,4 cents and 2,6 cents respectively.
On the gainers, FBC Holdings added 0,25 cents to 12,25 cents while Barclays closed at 3,6 cent after a 0,1 cents gain.

The mining index lost 3,6 points representing 3,88% to 89,16 points after Bindura lost 0,4 cents to 7,6 cents.

Falgold, Hwange Colliery Company and RioZim maintained previous price levels.

The beginning of last month witnessed a firm performance for a third consecutive month but the trend has been a downward spiral in performance of counter this month.

The mining index had almost doubled in June through to May in a development attributed to the sturdy performance of Bindura Nickel Corporation which almost doubled its share price.

Market capitalisation stood at $5 121 378 166 while turnover stood at $905 707.

Foreign investors have maintained a strong appetite for ZSE shares as foreign purchases continued to dominate market activity at $737 464 while foreign sales stood at $ 496 744.

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