Zimbabwe Market Watch | 10th July 2015: Zimbabwe industrial index ends with late surge, up 0.23 points, market cap adds US$10 mill but mining back in the red..

Harare, Zimbabwe (Capital Markets in Africa):– The Zimbabwe Stock Exchange (ZSE) industrial index ended the week with a late surge today as the industrial index clawed back into the green pushing up market capitalization, however the Mining Index tumbled back into the red after rises in the previous days trading.

The Industrial index was up 0.23 points from its previous days level of 144.63, increasing by 0.15 percent to end at 144.86 points, bringing the year-to-date to -11.01 percent and -23.27 for the year-on-year basis.

The Mining index however, was down today by -2.37 points, a decrease of -5.63 percent to settle at 39.72 down from the  39.39 points set yesterday (taking the year-to-date performance to -44.61 percent and year-on-year return to -28.21 percent respectively).

The market capitalization rose by US$ 10 million to end at US$ 3.787 million while the market activity recorded a volume Turnover of US$1.9 million via 83 trade transactions up from the US$729,426 recorded in the previous days session.

Investment by Foreign investors recorded as Foreign buys were up by US$1 million to US$1,600,183 while foreign sales also increased to US$854,005 from US$350,217 registered at the end of yesterday’s trading session.  Econet Wireless Corporation Ltd recorded the highest foreign trading volumes of 2,704,000 securities traded for a value of US$946,400 at US$ 35 a share.

Out of the 81 trades made, Delta Corporation  Ltd  led the market activity with 751,000 securities exchanged to a value of US$730,348 at a price of US$97.25 a share. This was followed by Fidelity Life Assurance Ltd with 595,100 Shares traded at US$6.90 a share giving a value of US$41,062. INNSCOR Africa Ltd weighed in with volume purchases of 213,400 traded securities with a value of US$132,308 at a price of US$62.00 per share.

In terms of the market price advancers and decliners, four securities ended in the green region and five ended in the red region leaving the price movement weighted in favor of the reds. In the green zone OK Zimbabwe Ltd gained 1.00 points or went up by 12.50 percent to trade at US$9.00, Fidelity Life Assurance Ltd was up 0.40 points an increase of 6.15 percent to close at US$6.90 per share. INNSCOR Africa Ltd went up 0.75 points to close at US$62 registering a 1.22 percent rise and Mashonaland Holdings Ltd was up 0.01 points increasing by 0.49 percent to close at US$2.02 cents per share.

Leading the price losers were, Bindura Nickel Corporation Ltd tumbling -0.30 points, a -8.57 percent drop to settle at US$3.20 cents, Zimre Property Investments Ltd were down by -0.01 points, decreasing -1.23 percent to settle at US$0.80 cents a share, Delta Corporation Ltd  dropped -0.75 points, decreasing by -0.76 percent to settle at US$97.25 per share while British American Tobacco Zimbabwe Ltd dropped -5.00 points to settle at US$1,135.00 per share, a decrease of -0.43 percent. Barclays Bank of Zimbabwe Ltd lost by -0.23 percent down -0.01 points to close at US$4.20 per share.