Market report: Is Ziscosteel cursed?

10 Apr, 2016 - 00:04 0 Views

The Sunday News

WHAT is really the problem at Ziscosteel? There have been numerous attempts to seek partners to revive the former steel giant but even when things look like they are close, they crumble at the last minute. Ziscosteel is a strategic company which both Government and investors must look at and put some more efforts to bring it to life.

Meanwhile, the Industrial index closed the week on Friday higher at 97.92 points after putting on 0.17 points (0,17 percent).

Seed producer Seedco added $0,0050 to trade at $0,6500, Getbucks was up $0,0030 to trade at $0,0400 and Old Mutual moved up $0,0025 to trade at $2,2125. Meikles gained $0,0010 to settle at $0,0722.

Zimre Holdings was the only lame duck which dropped $0,0002 to close at $0,0178.

The industrial index was 0.12 points (0,12 percent) firmer compared to week ending 1 April 2015.

The Mining index gained 0.47 points (2,39 percent) to close at 20.16 points after RioZim was up $0,0060 to trade at $0,1100.

Bindura, Falgold and Hwange maintained previous price levels at $0,0102, $0,0050 and $0,0300 respectively.

Week on week the mining index strengthened by 0.63 points (3,23 percent).

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