Zimbabwe Market Watch | 12 Aug 2015: Zimbabwe equities fall further by 0.45%, Econet lead the losers

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index in the red region today after fell by 0.45 percent or 0.65 points to end at 142.93 points. The market capitalization ended at US$3.750 billion.

The market activity today recorded a turnover of US$575,976 exchanged in 16 traded securities via 33 trade transactions. Foreign investor buys US$408,041 and foreign sells US$ 414,072 today. Out of the 16 traded securities, Zimplow Holdings Limited recorded at US$220,228 exchanged in 7,340,933 traded securities and Econet Wireless Zimbabwe recorded at US$163,875 exchanged in 565,085 traded stocks. Equally, Delta Corporation Limited with 92,000 shares valued at US$88,771 and Barclays Bank of Zimbabwe recorded 733,028 shares with total value of US$31,520. 

 From the market activities strength views, there were three price gainers, four price losers and 9 price stayers, hence market strength end negative.  The price gainers was Seed Company Limited traded at US$1.0375 after adding 0.24 percent or U$0.0025, Meikles Limited Zimbabwe added 0.20 percent to close at US$0.10 and Old Mutual Plc closed at US$2.7550 by gaining 0.09 percent.

On the losers’ region, Econet Wireless Zimbabwe led the shakers with a US$0.0100 loss to close at $0.2900. Delta Corporation Limited dropped US$0.0051 to trade at US$0.9649; ZimRe Holdings Limited retreated US$0.0010 to US$0.0120 whilst Dawn Properties Limited was US$0.0002 weaker to end at US$0.0158.

On a final note, the Mining index remained unchanged to close at 39.36 points. BINDURA, FALGOLD, HWANGE and RIOZIM maintained previous price levels at $0.0300, $0.0060, $0.0410 and $0.1400 in that order.