Zimbabwe Equity Market | 21 Aug 2015: Zimbabwe equities stay in red…industrial index down by 3.93% w-o-w

Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index ended in red plunging by 0.77 percent or 1.06 points to end at 135.82 from its previous close of 136.88 points. The week on week Industrial index dropped 5.56 points or 3.93 percent bringing the year to date loss to 26.97 points or 16.57 percent.

The market capitalization ended at US$3.562 billion by dropping a further US$27 million relative to previous trading session market capitalisation of US$3.589 billion.

The market activity today recorded a turnover of US$2.933 million exchanged in 12 traded securities via 35 trade transactions. Foreign investor buys totalled US$2.648 million and foreign sells US$971,454 today. Out of the 12 traded securities, Delta Corporation Limited recorded US$1,714 million exchanged in 2,034,221 traded securities at US$0.8426, Innscor Africa Limited recorded US$420,00 exchanged in 700,000 traded securities and Econet Wireless Zimbabwe Limited traded US$344,446 in 1,230,165 stocks. Equally, FBC Holdings Limited had 2,226,577 shares traded valued at US$155,960 and Dawn Properties Limited recorded 1,806,672 shares with total value of US$28,907.

From the market activities strength views, there were four price gainers and four price losers hence market strength ended neutral. The price gainers were Proplastics Limited trading at US$0.0260 after adding 13.04 percent or U$0.0030, Barclays Bank of Zimbabwe Limited was up trading at US$0.0430 after adding 0.70 percent or US$0.0030. Likewise, Old Mutual Plc traded at US$2.7925 after climbing by 0.26 percent and Meikles Limited surged by 0.08 percent to end at US$0.1200.

On the downside, Turnall Holdings Limited dropped 5.00 percent or US$0.005 to trade at US$0.0095; Innscor Africa Limited dipped by 3.22 percent or US$0.0200 to US$0.60 whilst Delta Corporation Limited were weaker at US$0.8426 down by 1.59 percent and Econet Wireless Zimbabwe Limited plunged by 0.35 percent or US$0.0010 to trade at US$0.28.  

The Mining index remained flat at 35.52 points. BINDURA (BIND.zw), FALGOLD, HWANGE and RIOZIM maintained previous price levels at US$0.0280, US$0.0050, US$0.0350 and US$0.1200 respectively. The week on week Mining index declined by 3.84 points or 9.76 percent bringing year to date loss to 36.19 points or 50.47 percent.