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Econet, ZB drive Zimbabwe Stock Exchange momentum

The Zimbabwe Stock Exchange’s mainstream index continued its bullish run gaining 0.41 percent to close the week at 141.50 points, while the mining index rose 10.20 percent to 66.25 points.

Econet gained 0.24 percent to settle at 17.45 cents.

ZBFH and Nampak advanced 15.45 percent and 6.67 percent to close at 12.70 cents and 3.2 cents respectively.

Delta and BAT remained flat. 

FML was down 4.75 percent recording the week’s worst losses.

Edgars and Colcom were  down 2.44 percent and 0.67 percent to 4 cents and 37 cents respectively.

The mining index was buoyed by RioZim which gained 18.79 percent to close at 49.89 cents.

Bindura, Falgold and Hwange remained unchanged at 3 cents, 1 cent, and 2.9 cents respectively.

Total market capitalisation rose 0.64 percent this week to close at $4.02 billion.

Year to date the market capitalisation has dropped 2.84 percent.

A total of 7.51 million shares traded hands with weekly turnover amounting to $917 110. – The Source

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