The Sunday News
GOVERNMENT plans to set up a special task-force to convince informal traders to embrace the use of plastic money as part of efforts to stabilise prices and supply of essential commodities in the sector. The development came at a time when Government is monitoring the availability of goods in shops in the retail sector so that unscrupulous dealers don’t ambush customers by price hike.
INDUSTRIALS
The Industrial Index lost a hefty 55.21 points (11,32 percent) to close at 432.72 points as heavyweight counters lost ground. Old Mutual jumped down $2,8000 to close at $11,5000, Delta eased $0,5075 to trade at $2,0375 and SeedCo was $0,4857 weaker at $2,6843. Afdis shed $0,3375 to $1,5000, Econet dropped $0,3347 to end at $1,3400 while Innscor went down by $0,.1100 to settle at $1,5500.
There were no trades in the positive territory. Meikles, NMB Holdings Limited and ZB Financial Holdings traded unchanged at $0,3800, $0,1000 and $0,3800 in that order.
Week on week Industrial index retreated 98.83 points (18,59 percent).
MINING INDEX
The Mining index was flat at 134.40 points. Bindura, Falgold, Hwange and Riozim remained unchanged at $0,0450, $0,0220, $0,0380 and $1,2000 respectively.
Week on week Mining index eased 3.72 points (2,69 percent).
