Market Report: Zim Asset needs renewed energy

THE implementation of programmes prescribed in the country’s economic blueprint Zim Asset need renewed energy and the nation to get an update of the progress of some of the projects.

Since the beginning of the year, there has been little or no information on the progress of some of the projects that are already underway while new ones seem to be taking long to take off the ground.

Meanwhile, the Industrial index closed the week on Friday on a low note following a 0.19 points (0,19 percent) loss to settle at 100.84 points. Afdis came off $0,0200 to trade at $0,4800 while Padenga was $0,0050 weaker at $0,0600.

No counter traded in the positive territory while Delta, Fidelity Life, Old Mutual and TSL were unchanged at $0,5250, $0,0950, $1,8000 and $0,1350 in that order.

Week on week Industrial index lost 0.83 points (0,82percent).

The Mining index shed 0.79 points (4,05 percent) to close at 18.74 points after Bindura retreated $0,0010 to trade at $0,0090. Falgold, Hwange and RioZim maintained previous price levels at $0,0050, $0,0300 and $0,1040 respectively.

Week on week Mining index retreated 0.79 points (4,05 percent).

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