22 January 2013

Zimbabwe: Market Watch

GAINS in selected heavyweight stocks lifted the industrials today, with the mainstream index advancing 0,64 percent or 1.06 points to 166.44 points.

Cables manufacturer CAFCA added US5c to US55c, OLD MUTUAL was up 4,01c to trade at US174,01c and SEEDCO rose US3c to settle at US80c.

BAT and INNSCOR were a cent firmer to close at US421c and US80c respectively. DELTA pushed up US0,71c to close the day at US115,01c.

On the downside were ZIMPAPERS, which eased 0,20c to close at US0,80c and STAR AFRICA, which retreated US0,10c to trade at US1,40c.

The mining index was also up after gaining 1.77 points or 2,34 percent to close at 77.36 points largely due to BINDURA, which had a firm bid of US2,20c despite FALGOLD slipping by US0,01c to trade at US16c. HWANGE and RIOZIM were unchanged at the previous trading level.

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