Mining counters remain unattractive

MARKET watchers have indicated that mining counters on the Zimbabwe Stock Exchange have remained unattractive to investors although the sector is seen anchoring economic revival. Trade among most of the mining counters have remained flat week in week with most of them remaining unchanged showing little interest from investors.

Meanwhile on Friday, the mining index lost 1.80 points (3 percent) to close at 58.13 points after Bindura slipped 0.20 cents to 5 cents. Falgold, Hwange and Rio Zim were unchanged at 3 cents, 4 cents and 15 cents respectively.

Week on week the mining index lost 0.90 points (1,52 percent)
The Industrial index recovered 0.27 points (0.16 percent) to close at 168.36 points on Friday.
Old Mutual added a cent to close at 237 cents and OK Zimbabwe moved up 0.90 cents to trade at 14 cents.

National Foods shed 20 cents to 320 cents, Edgars dropped a cent to settle at 9 cents and Willadale lost 0.07 cents to close at 0.18 cents.
Despite the gain the industrial index lost 1.01 points (0,60 percent) compared to week ending 06 February 2015.

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