Zimbabwe Equity Markets | 15 Oct 2015: ZSE Industrial Index retreats 0.16%, Mining out of slump up 0.46%, Market Cap down US$3 Mill….

Harare, Zimbabwe, Capital Markets in Africa — The Zimbabwe Stock Exchange (ZSE) industrial index ended the session today moving further into the red zone as the main index fell during the days trading while the mining index finally came out of its slump. The Industrial Index lost by 0.12 points to close 130.62 points, down by 0.16 percent. The ZSE Industrial index year-to-date settled at 19.76 percent. 

The market capitalisation ended at US$3,410 billion down by US$3 million compared to the US$3.413 billion recorded in the previous session. 

The market activity today recorded a turnover of US$323,169, up by US$148,172 from the previous session, exchanged in 8 traded securities via 22 trade transactions. Three Foreign investor buys were recorded today by Econet Wireless Zimbabwe Limited for US$267,602, Colcom Holdings Limited for US$42,000 and Old Mutal PLC for US$39,698 while there were no foreign sales.

In terms of market strength, there were three price gainers and two price losers hence the market strength ended positive. The price gainers were Meikles Limited closed at US$0.0950 after increasing by 5.55 percent, Hwange Colliery Company Limited closed at US$0.00350 after increasing by 2.94 percent and CFI Holdings Limited closed at US$0.0455 after increasing by 0.66 percent.

The price losers were Old Mutal PLC decreased by 3.04 percent or US$0.070 to close at US$02.230 and Econet Wireless Zimbabwe Limited decreased by 14.00 percent or US$0.00030 to close at US$0.0270.

The Mining index increased by 0.0010 points or 0.46 percent to close at 23.8 points today.  Hwange Colliery Company Limited was the only riser and traded at US$0.0350, RioZim Limited traded at US$0.0120, Bindura Nickel Corporation Limited traded at US$0.0130 and Falcon Gold Limited traded at US$0.0050.