Zimbabwe Equity Market | 25 Aug 2015: Zimbabwe equities sustain further losses…industrial index down by 0.10%

Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index sustain further losses plunging a further 0.10% to end at 135.02 or 0.08 points down from its previous close of 135.13 points.

The market capitalization ended at US$3.541 billion shaving off a further US$2.3 million relative to previous trading session market capitalisation of US$3.544 billion.

The market activity today recorded a turnover of US$0.479 million exchanged in 10 traded securities via 29 trade transactions. Foreign investor buys totalled US$192,207 and foreign sells US$290,171 today. Out of the 10 traded securities, CBZ Holdings Limited recorded US$98,335 exchanged in 1,037,291 traded securities at US$0.948,  Econet Wireless Limited recorded US$199,998 exchanged in 714,280 traded securities and Delta Corporation Limited traded US$119,074 in 144,000 stocks. Equally, Barclays Bank of Zimbabwe Limited had 2,726 shares traded valued at US$63,396 and FBC Holdings Limited recorded 25,000 shares with total value of US$1,750.

From the market activities strength view, there were two price gainers and three price losers hence market strength ended negative. The price gainers were Barclays Bank of Zimbabwe Limited trading at US$0.020 after adding 4.87% and  Old Mutual Limited was up trading at US$0.074 after adding 02.6%.

On the downside, Turnall Holdings Limited dropped 5.26% or US$0.04 to trade at US$0.090, CBZ Holdings Limited were down 5.01% or 0.50 to end at US$0.948, Delta Corporation Limited were weaker at US$0.8269 down by -0.36% or US$0.029.

The Mining index continued to remain flat at 35.52 points with Bindura, Falcon Gold Limited, Hwange Colliery Company Limited and RioZim Limited maintaining previous price levels at US$0.0280, US$0.0050, US$0.0350 and US$0.1200 respectively.