Zimbabwe Market Watch | 17 Aug 2015: Zimbabwe equities continue in red zone … went down by US$15 million

Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index continued in the negative zone today and plunged by 0.40 percent or 0.56 points to end at 140.81 points. The market capitalization ended at US$3.695 billion by dropping US$15 relative to previous trading session market capitalization of US$3.710.

 The market activity today recorded a turnover of US$724,703 exchanged in 13 traded securities via 34 trade transactions. Foreign investor buys US$429,961 and foreign sells US$640,696 today. Out of the 13 traded securities, Seed Company Limited recorded at US$319,020 exchanged in 304,554 traded securities and Innscor Africa Limited ended at US$502,512 traded value exchanged in 311,557 stocks. Equally, Econet Wireless Limited with 264,886 shares valued at US$78,817 and Zimre Holdings Limited recorded 236,253 shares with total value of US$2,599. 

 From the market activities strength views, there were three price gainers, six price losers and 4 price remained unchanged, hence market strength ended negative.  The price gainers was Seed Company Limited traded at US$1.0475 after adding 0.01 percent or U$0.0001, Old Mutual Plc added 0.30 percent or US$0.008 to close at US$2.7750 and Meikles Limited closed at US$0.1071 after gaining 7.10 percent or US$0.0071.

On the downside, British-American Tobacco dropped 0.43 percent or US$0.0500 to trade at US$11.5500; Delta Corporation Limited sagged by 1.07 percent or US$0.0100 to US$0.9200 whilst OK Zimbabwe and Zimre Holdings Limited were each US$0.0010 weaker at US$0.0790 and US$0.0110 respectively. Dawn Properties Limited was US$0.0001 lower at US$0.0160.

The Mining index was down 0.64 points (1.63%) to close at 38.72 points as HWANGE slipped $0.0060 to trade at $0.0350. BINDURA , FALGOLD  and RIOZIM maintained previous price levels at $0.0300, $0.0060 and $0.1400 in that order.