21 January 2013

Zimbabwe: Mining Index Rises

THE mining index rose yesterday on gains in gold miner, Falcon while the industrial index retreated as many investors decided to stay away from trading session. Falcon gained US3,3c to US16,01c, lifting the

resource shares by 3,36 percent to 75.59 points. Other mining shares, Bindura Nickel Corporation, Hwange Colliery Company and RioZim were unchanged at the previous trading level.

The mainstream industrial index slightly lost 0,01 percent or 0.02 points to 165.38 points. Daily turnover came in at a modest US$231 788, down from US$2 million last Friday.

Trade was concentrated in Delta, the biggest company in value, which remains strongly bid at US114,3c while the rest of market recorded no meaningful activity.

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