Market report: Call for Govt to expedite passing of Contractors Bill

by Sunday News Online | Sunday, Nov 12, 2017 | 201 views

STAKEHOLDERS in the construction industry have called on Government to expedite the passing of Contractors Bill that will help regulate the sector. The construction industry badly needs some form of protection for easy operation. Once there is an Act governing the operation of construction companies, issues to do with malpractice will be a thing of the past.

INDUSTRIALS

The Industrial Index retreated 1.65 points (0,31 percent) to close at 531.55 points. Delta shed $0,0286 to end at $3,2021, Econet lost $0,0212 to trade at $1,8600 and OK Zimbabwe went down $0,0037 to $0,2663. Hippo dropped $0,0023 to close at $1,7675 while Starafrica corporation came off $0,0010 to settle at $0,0240.

Gains were seen in Lafarge which put on a significant $0,2400 to trade at $1,4400, CFI was up $0,0600 to $0,8075 and Old Mutual shifted up $0,0070 to $14,3070. First Mutual Holdings (FML) increased by $0,0024 to close at $0,2050 while Innscor added $0,0018 to end at $1,6850.

Week on week Industrial index gained 5.92 points (1,13 percent).

MININGS

The Mining index advanced by 0.18 points (0,13 percent) to end at 138.12 points after Riozim gained a further $0,0022 to trade at $1,1975. Bindura, Falgold and Hwange remained unchanged at $0,0500, $0,0220 and $0,0380 in that order.

Week on week Mining index shed 2.38 points (1,69percent).

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