Good harvests boost Delta’s volumes

DELTA Corporation reported a two percent increase in revenue as a result of improved consumer spending arising from a good agricultural season. The integrated beverage group’s lager volumes stemmed the declining trend in preceding quarters after they recorded a 12 percent growth in the first quarter to June above the comparative period last year. INDUSTRIALS The Industrial Index went past the 200 point mark for the first time since 10 September 2014 after putting on 0.70 points (0,35 percent) to close at 200.04 points. SeedCo led the movers as it added $0,0271 to close at $1,3500, Meikles rose by $0,0200 to trade at $0,2000 and ProPlastics went up $0,0051 to trade at $0,0650. Other gains were in Nampak and ZB Financial Holdings which both traded $0,0050 to close at $0,0550 and $0,1700 respectively.

One counter lost ground; Afdis shed $0,0050 to trade $0,5950 whilst Barclays, Delta and OK Zimbabwe traded unchanged $0,0425, $1,2725 and $0,1010 respectively.

Week on week the industrial index was 1.63 points (0,82 percent) solid. MININGS The Mining index was flat at 69,00. Bindura, Falgold, Hwange and RioZim remained unchanged at previous trading levels at $0,0290, $0,0100, $0,0250 and $0,5500 respectively.

The mining index lost 0.19 points (0,27 percent) compared to week ending 14 July 2017.