ZSE industrial index declines as mining index gains

Mixed reactions marked the first day of trading at the Zimbabwe Stock Exchange (ZSE), with the industrial index declining compared to the last day of trading in December, while the mining index recorded some gains on the same day.

The industrial index, which is the main index on the stock market, opened the year at 114,35% points compared to 114,45% points on December 31 indicating a 0,09 point loss.

The mining index, which shows the performance of companies in the resource sector gained 5,26% to 1,60% points compared to 1,52% points on December 31, 2015 due to the gains realised in Bindura Nickel Corporation during trade on the first day.

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