adminTHE Government has said there is a need to address competitiveness challenges faced by exporters in an effort to increase export earnings. Minerals and tobacco currently contribute over 80 percent to export earnings. Manufactured products and services, on the other hand, contribute less than 10 percent each to exports.
INDUSTRIALS
The Industrial Index closed the week on a high note after adding 0.48 points (0,09 percent) to close at 517.71 points. Meikles was up $0,0223 to trade at $0,4300, First Mutual Holdings increased by $0,0122 to close at $0,2150 while First Mutual Properties closed at $0,0589 after gaining $0,0029. Other gains were recorded in ZPI which put on $0,0010 to trade at $0,0270 and Zimre Holdings added a marginal $0,0004 to close $0,0265.
On the down side; ZB Financial Holdings lost $0,0100 to trade at $0,3900, OK Zimbabwe decreased by $0,0028 to close at $0,2472 and Simbisa eased $0,0014 to $0,6800. Econet also dropped by $0,0014 to end at $1,8343 and Delta moved down by $0,0002 to $3,0616.
Week on week the industrial index increased by 12.39 points (2,45 percent).
MININGS
The Mining index recovered by 0.82 points (0,64 percent) to close at 128.87 points after RioZim added $0,0106 to close at $1,1400. Bindura, Falgold and Hwange remained unchanged at $0,0442, $0,0201 and $0,0374 respectively.
The mining index was down by 12.52 points (8,85 percent) compared to week ending 13 October 2017.
derick.khumalo