The Minings Index traded past the 50-level helping it recover from losses characteristic of the sector since the beginning of the year. The resources sector closed Tuesday's trades with a year to date gain of 13,74 percent from the January level of 45,79 percent.
Bindura expects higher profits for the second half of the year to
Nickel prices opened the year at around
As a result of the gain in the share price, the minings index rose 7,23 percent to 52,08. RioZim was unchanged at 20c in trades worth
Elsewhere the wider market was little changed paring a marginal 0,01c to 181,03. Trading was generally firm but there were significant losses from selected heavyweight counters.
TSL was the biggest faller losing 2c or 6,67 percent to 28c,
Clothing retailer Truworths led the risers gaining 0,7c to 2,5c but is still down 40,48 percent in the year to date.
Crocodile skin producer
Innscor continued to firm gaining 0,5c to 77,5c in trades worth
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