Industrial index slips

Staff Reporter 04-06-2009

There was a marginal slip on th Zimbabwe Stock Exchange’s benchmark industrial index as it fell 0.91 points to close at 138.14 points.

This fall as a result of the losses recorded by the insurance related counters Old Mutual and TA which lost 5 cents each to close at 95 cents and 60 cents respectively.

Other counters to trade in the negative territory included the banking entity ABC, retail and allied venture CFI and construction giants M&R which came off 2 cents to close at 18 cents, 35 cents and 8 cents in that order.

Lafarge made a slight jump of 10 cents to close at 110 cents, meat processing firm Colcom was 7 cents solid at 37 cents and cement manufacturer PPC added 5 cents to close at 215 cents.

Zimplow was 0.40 cents higher at 1.50 cents and Zimpapers, the printing and publishing firm, gained 0.30 cents to close at 1.80 cents.

There was a significant dive on the mining index which slipped 7.46 points (2.51%) to close at 290.17. Hwange reversed 4 cents to close at 65 cents. Bindura, Falgold and Riozim were unchanged at previous day levels.