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BizDay Zimbabwe

ZSE market surprise jump after cabinet announcement

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The industrial index moved up by 5.25 points (2.82%) to close at 191.14 points on the back gains in heavyweight counters. DELTA (DLTA.zw) rose by a further 6.99 cents to trade at 127 cents, ECONET (ECO.zw) added 3.49 cents to 55 cents and SEEDCO (SEED.zw) put on 2 cents to close at 80 cents. OK ZIMBABWE (OKZ.zw) went up 1.11 cents to 23.10 cents, DZLH (DZL.zw) edged up a cent to trade at 19 cents and NICOZDIAMOND (NICO.zw) was 0.40 cents firmer at 2 cents.

On the downside; OLD MUTUAL (OML.zw) lost 5 cents to trade at 225 cents, MASH (MASH.zw) dropped 0.42 cents to 3 cents, PADENGA (PHL.zw) slipped 0.09 cents to close at 5.01 cents and MEDTECH (MMDZ.zw) eased 0.01 cents to close at 0.06 cents.

The mining index put on 1.56 points (3.31%) to close at 48.73 points after RIOZIM (RIOZ.zw) was bid higher at 25 cents. BINDURA (BIND.zw), FALGOLD (FALG.zw) and HWANGE (HCCL.zw) were unchanged at previous trading levels.

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