Zimbabwe Equity Markets | 25 Sep 2015: ZSE Industrial Index rebounds with 0.7% rise, major stocks recover losses…

Harare, Zimbabwe, Capital Markets in Africa — The Zimbabwe Stock Exchange (ZSE) industrial index rebounded today increasing by 0.0093 points to close at 132.43 up 0.70 percent from its close of 131.50 points recovering losses sustained in previous days trading session. The ZSE Industrial index was down to 18.64 percent on a year-to-date basis.

The market capitalisation ended at US$3.458 billion adding US$24 mill to the US$3.434 billion recorded in yesterdays session.

The market activity today recorded a turnover of US$1,152,198 exchanged in 9 traded securities via 49 trade transactions. Foreign investor buys surged to US$1,067,127 while foreign sales were US$1,012,623 today. Foreign trading was dominated by foreign Investor buys led by Delta Corporation Limited at US$0.08349, Econet Wireless Zimbabwe Limited at US$0.02670, Bindura Nickel Corporation Limited at US$0.00150 and Seed Co Limited at US$0.09959.

In terms of values and volumes traded among the 11 traded securities, Econet Wireless Zimbabwe Limited totalled US$440,989 exchanged in 1,651,643 traded securities, Delta Corporation Limited recorded US$626,271 exchanged in 750,115 traded stocks and Bindura Nickel Corporation Limited recorded US$3,759 exchanged in 250,586 traded stocks. Equally, Colcom Holdings Limited recorded 50,000 shares valued at US$12,000, Zimre Holdings Limited recorded 49,590 shares valued at US$545 and Seed Co Limited recorded 29,628 shares with a total value of US$29,507.

In terms of market activity/market strength, there were seven price gainers and one price loser with 1 price that remained unchanged, hence the market strength ended positive. The price gainers were Colcom Holdings Limited closed at US$0.00240 after gaining by 20.00 percent or US$ 0.004 and Zimre Holdings Limited ended at US$0.0110 after climbing by 10.00 percent or U$0.0010. Delta Corporation Limited increased by 1.17 percent or US$0.0096 to close at US$0.8349, Innscor Africa Limited increased by 0.85 percent or US$0.0050 to close at US$0.59, British American Tobacco Zimbabwe Limited rose by 0.43 percent or US$0.05 to close at US$11.60,  Econet Wireless Zimbabwe Limited closed at US$0.2670 after losing 0.18 percent or US$0.0005 and Seed Co Limited increased by 0.09 percent or US$0.0009 to close at US$0.9959.

The price losers were Old Mutual Limited closed at US$0.249 after losing by 0.30 percent or US$ 0.0075.

The Mining index remained flat with the index holding its previous position to close at 25.15 points again today. Bindura Nickel Corporation Limited traded lower at US$0.0150 after losing US$0.0010, Hwange Colliery Company Limited and RioZim Limited maintained previous price levels at US$0.0340 and US$0.1200 respectively. Falcon Gold Limited also remained steady at US$0.0050.