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Industrial index slips

Staff Reporter 27-05-2009

The benchmark industrial index slipped 0.13 points (0.09%) to close 141.46 points.

This was largely a result of the loses which were witnessed at Colcom and Afdis which both closed at 30 cents after losing 5 cents and 4 cents respectively. These two counters traded in the positive on Tuesday when the bourse resumed trade after the one day break to mark the Africa Day holiday.

Insurance giant Old Mutual was also 2 cents lower at 85 cents whilst Art, Dairibord, Innscor, M&R and TA dropped 1 cent each to close at 6 cents, 11 cents, 57 cents, 10 cents, and 74 cents in that order.

On the upward trend was Econet which has continued keeping the momentum with a massive 20 cents rise to close at 220 cents, PPC was 10 cents firmer at 210 cents and Seedco rose 5 cents to close at 70 cents. KMAL gained 1.10 cents to close at 73.20 cents and PHOENIX put on 1 cent to close at 5 cents.

The mining index advanced 6.84 points (2.38%) to close at 293.75 points as Hwange rose 3 cents to close at 72 cents and Falgold was a cent up at 11 cents. BINDURA and RIOZIM traded unchanged at 20 cents and 350 cents