MARKET REPORT: Zim to save $100m in imports from wheat harvest

by Sunday News Online | Sunday, Dec 3, 2017 | 247 views

Zimbabwe could save over $100 million in foreign currency if it achieves wheat output of 200 000 tonnes this year, up from 65 000 tonnes attained last year.

The expected rise in tonnage comes after Government provided adequate and consistent supply of water and electricity during the just ended season.

INDUSTRIALS
The Industrial Index closed the week on a low note shedding 2.72 points (0,72percent) to end at 373.97 points. PPC eased $0,1757 to end at $1,2501; Delta lost $0,0522 to $1,9523 while British American Tobacco was down $0,0500 to end at $36.9000.

Old Mutual came off $0,0115 to trade at $5,9915 while First Mutual Holdings Limited decreased by $0,0100 to settle at $0,1850.

Gains were seen in Seedco which advanced by $0,0203 to close at $2,1000,

Axia added $0,0050 to settle at $0,2000 while Starafricacorporation put on $0,0020 to trade at $0,0220.

The Industrial index gained 55.32 points (17,36percent) compared to week ending 24 November 2017.

MINING INDEX
The Mining index was steady at 126.86 points. Bindura, Falgold, Hwange and Riozim remained unchanged at previous price levels at $0,0355, $0,0220, $0,0380 and $1,1999 respectively.

The Mining index was up 0.23 points (0,18percent) compared to week ending 24 November 2017.

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