Zimbabwe Market Watch | 20 Aug 2015: Zimbabwe equities continues decline..Industrial index down -0.61%

Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index continued to decline today plunging by -0.61 percent or 0.84 points to end at 136.88 from its previous close of 137.73 points. The market capitalization ended at US$3.589 billion by dropping a further US$72 million relative to previous trading session market capitalisation of US$3.661 billion.

The market activity today recorded a turnover of US$760,133 exchanged in 13 traded securities via 43 trade transactions. Foreign investor buys totalled US$152,109 and foreign sells US$140,748 today. Out of the 13 traded securities, Ariston Holdings Limited recorded US$2,522 exchanged in 1,261,055 traded securities at US$0.20, First Mutual Holdings limited recorded US$17,999 exchanged in 845,002 traded securities and Econet Wireless Zimbabwe Limited ended at US$140,500 traded value exchanged in 500,000 stocks. Equally, Meikles Limited had 430,292 shares traded valued at US$51,592 and CFI Holdings Limited recorded 249,249 shares with total value of US$8,998.

From the market activities strength views, there were three price gainers and three price losers hence market strength ended . The price gainers were Meikles Limited trading at US$0.1199 after adding 5.82 percent or U$0.0066, Econet Wireless Zimbabwe Limited was up trading at US4.2810 after adding 0.35 percent or US$0010 and Old Mutual Plc traded at US$2.7852 after climbing by 0.35 percent.

On the downside, Falcon gold Limited  dropped by 16.66 percent or US$0.0010 to trade at US$0.0050; CFI Holdings Limited dipped by 2.43 percent or US$0.0009 to US$0.0361 whilst Delta Corporation Limited were weaker at US$0.8563 down by 2.26 percent.

The Mining index fell by -0.19 percent or -0.07 points to end at 35.52 for the days session