adminZIMBABWE may soon adopt legislation to compel mining firms with mining rights or title in the country to list the majority of their shares on the domestic stock market to foster accountability and enable locals to buy shares.
Currently, only four mining companies are listed on the Zimbabwe Stock Exchange (ZSE), which was founded in 1896. The mining stocks are diversified gold miner, RioZim, Bindura Nickel Corporation (BNC), coal extractor Hwange (HCCL) and gold miner, Falcon Gold Zimbabwe.
ALL SHARE
The All Share index closed the week on a high note adding 0.26 points (0,30 percent) to close at 86.87 points. Old Mutual gained a further $0,0505 to close at $5,5605, Meikles added $0,0500 to settle at $0,3200 and Axia went up by $0,0099 to $0,2100. Innscor gained $0,0046 to $0,9550, FBC Holdings was $0,0022 stronger at $0,2047 while TSL Limited closed at $0,4000 following a $0,0020 increase.
However, Star Africa Corporation and Willdale both came off $0,0010 to close at $0,0190 and $0,0050 respectively.
WEEK ON WEEK CHANGES
– All Share Index surged 0.67 points (0,78 percent).
– Industrial Index rose by 2.14 points (0,74 percent).
– Top 10 Index added 0.48 points (0,57 percent).
– Mining Index went up by 2.18 points (1,78 percent).
Online Reporter