Zimbabwe equities in quick return to the black




HARARE – The Zimbabwe Stock Exchange’s mainstream industrial index rebounded 1.06 to settle at 201.21 as BAT Zimbabwe led the movers with a $0, 0500 increase to close at $18, 0500.

The cigarette producer’s bump was perhaps driven by a 27 percent jump in after tax profit to $4, 6 million for the half-year ended June, 2017 that the company reported today.

Also trending upwards was seed producer SeedCo, which gained $0, 0256 to $1, 3756 while telecoms giant Econet put on $0, 0090 to end at $0, 3790. Simbisa went up by $0, 0088 to trade at $0, 2163 and Padenga added $0, 0010 to close at $0, 2775.

Two counters lost ground as ZBFH eased $0, 0050 to trade at $0, 1650 while giant insurer Old Mutual inched down $0, 0006 to end at $3, 9294.

The mining index shed 3.55 to close at 65.45 after nickel producer Bindura came off $0, 0045 to trade at 0, 0245. The balance of the mining counters were unchanged. – BH24