Market Report: Economy needs to be re-energised

THE economy is starved of market driving stimuli, a situation which has resulted in subdued trading on the Zimbabwe Stock Exchange.

Trading at the local bourse has been slow resulting in the industrial index flowing below the 100 points mark.

There is urgent need to stimulate the economy to ensure that more traders and investors are attracted to the ZSE.

Meanwhile, the Industrial index closed the week lower at 98.92 points after losing 0.19 points (0,19 percent). National Foods eased $0,0500 to close at $2,5500; PPC declined by $0,0300 to $0,7700 while Simbisa retreated $0,0020 to trade at $0,1420. CAFCA inched down $0,0005 to settle at $0,2795.

Dairibord and Delta were unchanged at $0,0690 and $0,5200 respectively while activity was limited to six counters.

Week on week the Industrial index lost 1.92 points (1,90 percent).

The Mining index was steady at 18.74 points. Bindura, Falgold, Hwange and RioZim maintained previous price levels at $0,0090, $0,0050, $0,0300 and $0,1040 respectively.

Week on week the Mining index was unchanged.