zim stock xchange 20.10.jpgThe Zimbabwe Stock Exchange’s mining index has surpassed the 100 point mark for the first time in six weeks after closing the week in the green at 101.45 points.

The mining index which has made one of its biggest jumps since the start of the year, added 7.77 points to close the week at 101.45 points.

The resources index was stirred by the gains recorded by coal mining giant, Hwange Colliery, which advanced by 7 cents to trade and 35 cents.

The gain means that on a week on week basis, the mining index gained 18.26 points.

On the other hand, the industrial index which has been on an upward rally over the past two weeks, has maintained the positive momentum, closing the week in the positive territory at 147.25 points.

The rally means that on a week on week basis, the industrial index gained by 4.08 points. 

BAT led the movers adding 5 cents to 175 cents, ECONET pushed up 3 cents to 382 cents and AFRE traded higher at 7.10 cents after gaining 1.10 cents.

INNSCOR was up 0.86 cents at 64 cents, FBCH rose by 0.30 cents to 6.50 cents and OK ZIMBABWE gained 0.29 cents to close at 11 cents.

DELTA maintained its blue chip status with a notable trade of over 2 million shares exchanging hands at 70 cents.

Trading in the negative territory was OLD MUTUAL which lost 6 cents to 170 cents, AICO AFRICA and TURNALL both slipped 0.50 cents to 18 cents and 10.50 cents respectively.

CFI was down 0.10 cents to 6.10 cents.

Of the four mining counters, HWANGE was the only one to record gains after advancing by 7 cents to 35 cents, whilst BINDURA, FALGOLD and RIOZIM were unchanged at previous trading levels.