Equities in hefty gain for the week




HARARE – The Zimbabwe Stock Exchange’s mainstream Industrial Index rose by a hefty 15.92 points compared to the prior week. Following today’s trades, the Industrial Index soared by a further 2.97 points to close the week at 238.00 on the back of improved trading activity.

Insurance giant Old Mutual was up by $0, 1575 to close at $4, 2700, while beverages giant Delta added $0, 0152 to close at $1, 4259 and telecoms giant Econet rose $0, 0115 to settle at $0, 5000.

Also on the up, Axia traded $0, 0101 higher at $0, 1701 while milk processor Dairbord improved by $0, 0100 to close at $0, 1200.

Two counters traded in red.

ZBFH dropped $0, 0100 to trade at $0, 1850 and Starafricacorporation shed $0, 0001 to trade at $0, 0130.

The Mining index went up by 0.58 points to close at 74.05 after RioZim increased by $0, 0025 to settle at $0, 6525 and BNC added $0, 0005 to close at $0, 0250.

Falgold and Hwange remained unchanged at previous trading levels at $0, 0120 and $0, 0260 respectively.

On a week-on-week basis, the mining index added 3.88 points. – BH24