The Sunday News
THE talks on how most companies will be able to meet a new Government directive to come up with new indigenisation plans in liaison with line ministries is likely to shape the direction of the trading at the equities market, analysts think.Reports last week indicated that Government through a gazette had given local companies two months to amend their indigenisation agreements with line ministries.
Any talk about indigenisation, analysts say, was likely to attract interest of investors especially foreigners who in spite of challenges Zimbabwe is facing have remained the biggest players on the Zimbabwe Stock Exchange.
Meanwhile, the industrial index closed the week on Friday higher at 166,15 points after gaining 1.06 points (0,64 percent).
PPC surged 30 cents to close at 200 cents, Innscor added three cents to trade at 60 cents and Delta increased by a cent to 110 cents.
Old Mutual was up 0,50 cents to settle at 242,50 cents.
On the downside, Lafarge eased 10 cents to trade at 45 cents, Econet lost 0,50 cents to 58,50 cents while Masimba was down 0,20 cents to close at 1,80 cents. Dawn was 0,10 cents lower to trade at a cent.
Week on week industrial index added 3,45 points (2,12 percent).
The Mining index retreated 0,89 points (1,53 percent) to settle at 57,24 points. Bindura slipped 0,10 cents to 4,90 cents while Hwange was marginally up 0,01 cents to close at 4,01 cents. Falgold and RioZim were unchanged at three cents and 15 respectively.
Week on week mining index lost 6,37 points (10,01 percent).
