Zimbabwe Stock Market Comment –29 July 2011

The Industrial Index closed the week on the front foot gaining 0.27% courtesy of strength in Delta which outweighed the now striking weakness in Econet. There may significant upside in Econet at current levels and investors could look to capitalise on the unusual price volatility to time their entry into the bluechip stock.

The Mining index was flat with very small volumes crossing the floor. Turnover clocked in at a modest $1,638,593 with over half of this value concentrated in Delta. Trade was relatively brisk in AICO, Dairibord and Econet among the other counters.