Source: Trade deficit improves – Sunday News Jul 9, 2017
ACCORDING to the Zimbabwe National Statistics Agency (Zimstat) the country’s trade deficit stood at $1,01 billion in the first five months of the year, a slight improvement from $1,12 billion last year. Imports stood at $2,14 billion while exports amounted to $1,13 billion. Major exports included semi-processed gold worth $320 million, flue cured tobacco worth $229 million, ferrochrome worth $148 million, nickel ore and concentrates for $143 million, diamonds $34 million and nickel matters $20 million.
INDUSTRIALS
The Industrial Index was marginally up by 0.03 points (0,02 percent) to close at 197.93 points on the back of subdued trading activity. Three counters went up; Old Mutual gained $0,0100 to settle at $3,9300, Econet inched up by $0,0006 to settle at $0,3600 and Axia gained $0,0004 to close at $0,1100.
Afdis registered $0,0100 loss to trade at $0,6000 while Barclays, CBZ, Delta and Innscor traded unchanged at $0,0408, $0,1000, $1,2700 and $0,7200 respectively.
Week on week the industrial index gained 1.96 points (1,00 percent).
MININGS
The Mining index was flat at 69.98 points. Bindura, Falgold, Hwange and RioZim remained unchanged at previous trading levels at $0,0300, $00100, $0,0250 and $0,5525 respectively.
The mining index added 0.19 points (0,27 percent) compared to week ending 30 June 2017.
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