Zimbabwe Market Watch | 18 Aug 2015: Zimbabwe equities continue downward trend…market cap loses by US$33 million

Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index continued it’s downward trend  today plunging by 0.90 percent or 1.28 points to end at 139.53 points. The market capitalization ended at US$3.662 billion by dropping US$33 million relative to previous trading session market capitalisation of US$3.695.

The market activity today recorded a turnover of US$1,176,685 exchanged in 10 traded securities via 30 trade transactions. Foreign investor buys totalled US$1,058,133 and foreign sells US$1,141,159 today. Out of the 13 traded securities, Econet Wireless Limited recorded US$814,613 exchanged in 2,809,010 traded securities and Innscor Africa Limited ended at US$225,456 traded value exchanged in 363,638 stocks. Equally, RioZim Limited had 168,652 shares traded valued at US$23,611 and Seed Co Limited recorded 93,876 shares with total value of US$98,335.

From the market activities strength views, there were two price gainers, three price losers, and five where the price remained unchanged hence market strength ended negative. The price gainers were CFI Holdings Limited trading at US$0.0370 after adding 20.12 percent or U$0.0062 and Old Mutual Plc added 0.18 percent or US$0.0050 to close at US$0.0278.

On the downside, Delta Corporation Limited dropped -2.63 percent or US$0.0242 to trade at US$0.8958;  Dairibord Holdings Limited dipped by 6.25 percent or US$0.0050 to US$0.0750 whilst OK Zimbabwe were weaker at US$0.0774 down by 2.02 percent. 

The Mining index remained flat with no change recorded with RIOZIM the only mining stock  ending its price levels at US$0.0014.