adminZimbabwe’s exports of key minerals rose 31.5 percent in the 10 months to October this year, driven by an increase in high carbon ferrochrome and chrome ore sales.
The value of export receipts reached $1.25 billion from $951.8 million realised during the same period last year, according to figures by the Minerals and Marketing Corporation of Zimbabwe, a body responsible for marketing all minerals except gold and silver.
INDUSTRIALS
The Industrial Index indicated a strong comeback adding 3.53 points (1.12percent) to close at 318.65 points. Delta rebounded $0.0720 to trade at $1.3223, Econet advanced by $0.0268 to $0.8868 and Padenga was up $0.0218 to end at $0.5443. Innscor put on $0.01895 to close at $1.1192 while African Sun and Masimba both added $0.0030 to trade at $0.0410 and $0.0750 respectively.
Losses were seen in Old Mutual which came off $0.1745 to close at $4.5755, Seedco shed $0.0601 to $1.4708 and Ok Zimbabwe dropped $0.0200 to end at $0.1405. PPC was down $0.0177 to close at $1.8802 as Axia Corporation Limited and CFI Holdings were each $0.0100 lower at $0.1800 and $0.6900 correspondingly.
Week on week Mining index lost a significant 114.07 points (26.36percent).
MINING INDEX
The Mining index retreated 3.19 points (2.46percent) to settle at 126.63 points after a $0.0040 loss in Bindura to end at $0.0352. Falgold, Hwange and Riozim remained unchanged at $0.0220, $0.0380 and $1.2000 respectively.
Week on week Mining index eased 7.77 points (5.78percent).
Online Reporter