Zimbabwe Equity Market | 27 Aug 2015: Zimbabwe equities continue in red zone…Market cap down by US$3 Mill..

Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index continued in red zone with further losses plunging 0.08% to end at 134.86 or -0.10 points down from its previous close of 134.97 points.

The market capitalization ended at US$3.537 billion shaving off a further US$3 million relative to previous trading session market capitalisation of US$3.540 billion.

The market activity today recorded a turnover of US$0.236,847 million exchanged in 7 traded securities via 29 trade transactions. Foreign investor buys totalled US$229,862 and foreign sells US$66,155 today. Out of the 7 traded securities, Pearl Properties Limited recorded US$36,659 exchanged in 1,466,349 traded securities at US$0.0250,  NMBZ Holdings Limited recorded US$19,801 exchanged in 550,035 traded securities and Innscor Africa Limited traded US$106,885 in 179,639 stocks.

From the market activities strength view, there were three price gainers and two price losers hence market strength ended positive. The price gainers were NMBZ Holdings Limited trading at US$0.0360 after adding 20.00%,  Fidelity Life Assurance Limited was up trading at US$0.0780 after adding 18.18% and Delta Corporation Limited was up trading at US$0.83 rising by 0.06% or US$0.04.

On the downside, Pearl Properties dropped 12.28% or US$0.35 to trade at US$0.0250 and Innscor Africa Limited down 0.83% or 0.50 to end at US$0.595.

The Mining index continued to remain flat at 35.41 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$0.0400 and US$0.1200 respectively.