Market Report: Zim Asset progress must entice investors

INVESTORS must take advantage on the shaping up of a number of Government programmes under the Zim Asset to come in and start positioning themselves for the various opportunities being created.
Last week Government launched a $250 million agriculture mechanisation project after securing loans from Brazil, India and South Korea. This was in addition to the $3 billion platinum project being developed in Darwendale funded by some Russian companies.

The United Nations will also mobilise $1,6 billion in the next four years to support the blue-print hence such opportunities must spur investors to come and complement Government in ensuring the success of these projects.

Meanwhile, the industrial index on Friday lost 0.78 points (0,51 percent) to close at 152.98 points.

Cafca dropped 4,90 cents to trade at 35,10 cents, Seedco eased 4 cents to settle at 90 cents and the cement maker PPC shed 2 cents to trade at 123 cents. Other losses were in Meikles which shed 1,30 cents to 7,50 cents and Afdis went down a cent to close at 50 cents.

Four counters traded in the positive territory; Masimba moved up 0,30 cents to 2,50 cents, Old Mutual added 0,12 cents to 256,63 cents and Delta was marginally up by 0,10 cents to close at 105,10 cents. Innscor inched up 0,01 cents to close at 60,01 cents.

The mining index retreated by 0.13 points (0,29 percent) to close at 44.45 points after Hwange went 0,10 cents lower at 3,40 cents. Bindura and Falgold maintained previous price levels at 4 cents and 1 cent. RioZim gained 0,50 cents to trade at nine cents.

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