Equities open August in the black

Traders work on the floor of the Zimbabwe Stock Exchange in Harare, Zimbabwe, Thursday, September 13, 2007. Zimbabwean stocks are undervalued and worth considering as an investment option in Africa, according to Sanlam Investment Management. Photographer: Henner Frankenfeld/Bloomberg News

HARARE – The Zimbabwe Stock Exchange’s mainstream Industrial Index continued in the positive, gaining 1.18 points to close at 204.43.

CFI led the risers, going up $0, 0745 to trade at $0, 4470, while seed producer SeedCo continued with its positive run, adding $0, 0600 to $1, 4500 and Simbisa also kept up the momentum rising by $0, 0150 to end at $0, 2650.

Meikles was also on the up, advancing $0, 0145 to settle at $0, 2000 while Hippo’s unrelenting bullrun extended as the stock closed at $0, 8750 following a $0, 0050 gain.

ZBFH lost $0, 0250 to trade at $0, 1400 while Barclays shed $0, 0011 to close $0, 0350.  The mining index advanced by 0.39 points to settle at 69.83 after nickel producer put on $0, 0005 to end at $0, 0250.

The balance of the mining counters were unchanged. – BH24