MARKET REPORT: Stay away bad for economy

17 Jul, 2016 - 00:07 0 Views

The Sunday News

WHETHER justified or not, Zimbabwe cannot afford to lose any hour through unwarranted stay aways being fronted by some groups as this can further dent the economy.

More economic activity is now centred at household level as evidenced by the growing number of small to medium businesses hence these same people cannot afford to sit down at home knowing that at the end of the day this can affect their business.

There is a need to come up with proper ways of complaining to the Government but not through means that kill the same economy which people want to sustain the country soon after the so called protests are over.

Meanwhile, the Industrial Index closed the week unchanged on Friday at 99,63 points in thin trading.

Old Mutual gained a marginal $0,0002 to close at $2,2927. CFI Holdings, First Mutual, ZB Financial Holdings and Zimbabwe Newspapers traded unchanged at $0,0762, $0,0220, $0,0300 and $0,0050 in that order. Week on week the industrial index lost 2.13 points (2,09 percent). The Mining index was steady at 24.70 points. Bindura, Falgold, Hwange and RioZim remained unchanged on previous price levels at $0,0100, $0,0055, $0,0300 and $0,1700 in that order. The mining index was unchanged compared to week ending 8 July 2016.

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