Zimbabwe Market Watch | 19 Aug 2015: Zimbabwe equities continue to shed blood…market cap loses US$51 million

Zimbabwe Market Watch | 19 Aug 2015: Zimbabwe equities continue to shed blood…market cap loses US$51 million

Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index continued to shed blood today plunging by 1.29 percent or 1.80 points to end at 137.73 from its previous close of 139.53 points. The market capitalization ended at US$3.661 billion by dropping a further US$51 million relative to previous trading session market capitalisation of US$3.662 billion.

The market activity today recorded a turnover of US$760,133 exchanged in 13 traded securities via 38 trade transactions. Foreign investor buys totalled US$615,242 and foreign sells US$392,800 today. Out of the 13 traded securities, Delta corporation limited recorded US$644,001 exchanged in 735,077 traded securities, Econet Wireless Limited recorded US$30,162 exchanged in 107,721 traded securities and OK Zimbabwe Limited ended at US$7,545 traded value exchanged in 100,600 stocks. Equally, Seed Co Limited had 56,122 shares traded valued at US$56,122 and Bindura Nickel Corporation Limited recorded 55,000 shares with total value of US$1,540.

From the market activities strength views, there were one price gainer and five price losers hence market strength ended negative. The price gainer was Meikles Limited trading at US$11.33 after adding 5.78 percent or U$0.61.

On the downside, RioZim Limited dropped -14.28 percent or US$2.00 to trade at US$89.58; Bindura Nickel Corporation Limited dipped by 6.66 percent or US$-0.20 to US$2.80 whilst Seed Co Limited were weaker at US$100.00 down by -4.53 percent.

The Mining index fell by -8.08 percent or -3.13 points to end at 35.59 for the days session.