ZSE closes month of March on a high

THE Zimbabwe Stock Exchange’s (ZSE) market capitalisation rose by 2,93 percent to close the month of March at $3,93 billion from $3,82 billion in the previous month due to gains in heavyweight counters. INDUSTRIALS The Industrial Index’s bullish trend continued as it closed the week on higher note after adding 0.23 points (0,16 percent) to 141.50 points. Old Mutual led the movers as it gained $0,0150 to close at $3,6245 as TSL increased by $0,0130 to settle at $0,2200. CFI Holdings ended $0,0010 higher at $0,1275 and Econet inched up $0,0005 to trade at $0,1745.

There were no counters which traded in the negative territory as Edgars (EDGR.zw), Delta, Masimba and Simbisa traded unchanged at $0,0400, $0,8625, $0,0240 and $0,1710 in that order.

The industrial index added 0.58 points (0,41 percent) compared to week ending 13 April 2017. MININGS The Mining index soared by 6.14 points (10,21 percent) to close at 66.25 points after Rio Zim surged by $0,0789 to close at $0,4989. Bindura, Falgold, Hwange and remained unchanged at previous trading levels at $0,0300, $0,0100, and $0,0290 respectively.

Week on week the mining index gained 6.14 points (10,21 percent).