Market report. . .Capacity utilisation on the rise for manufacturing sector

07 Oct, 2018 - 00:10 0 Views

The Sunday News

CAPACITY utilisation in the manufacturing sector is rising, mainly driven by the benefits of Statutory Instrument 122 of 2017 (formerly SI 64 of 2016), which restricts the importation of products that can be locally made. The company, which is operating at 75 percent capacity, has been producing a range of household, hotel and office furniture for over 50 years. It also makes billiard tables which are exported to the US where they fetch an average of $800 each. Other export markets are South Africa and Zambia.


The All Share index closed the week on a high note after gaining 1.35 points (1,09 percent) to close at 125.07 points as SeedCoInternational Limited secondary listed on the local bourse.

Old Mutual led the movers with a $0,2741 gain to close at $6,1741, PPC was up by $0,1000 to end at $1,2000 and Meikles traded $0,0530 higher at $0,5130. AXIA increased by $0,0283 to $0,2988 and Delta was $0,0278 stronger at $2,2977.

Trading in the negative was Innscor which lost $0,0004 to $1,4100 and Zimpapers traded $0,0001 lower at $0,0209.

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