Zimbabwe Market Watch | 27th July 2015: Zimbabwe equities ….ZSE industrial index down 0.11 points, market cap ends at US£3.8 billion lifted by Retail Sector gains

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) Industrial Index closed trading in the red zone today down by 0.07% or 0.11 points to end at 145.79 (-10.44% year-to-date and -20.66% year-on-year basis). The mining index however remained flat recording no change in basis points (0.00% rise) to close at 40.94 points (taking the year-to-date to -42.90% and year-on-year return to -38.46% respectively).

The market capitalization however continued to make gains as the week started ending at US$ 3,826 billion while the market activity was higher today with a turnover of US$ 0.924 million exchanged via 65 trade transactions lifted by gains made by Retail and Banking Stocks.

In terms of Foreign Buys and Sales, Foreign investors bought US$106,790 and foreign sells came to US$800,704 at the end of today’s trading sessions leaving sentiment bearish.

In terms of Volumes and value of trades, out of the 60 securities traded, Barclays Bank of Zimbabwe recorded the highest volumes today trading 1,691,676 of it’s securities at US$4.00 per share to end with a vale of US$67,667. Delta Corporation Limited recorded 704,251 at US$100.00 to end up with a value of US$704,251. Likewise, FBC Holdings registered 467,174 traded stocks at US$ 7.02 per share with a value of US$32,515 and Turnall Holdings Limited recorded 162,574 trades valued at US$1,756 priced at US$1.08 per share. Econet Wireless Zimbabwe Limited moved 72,306 securities valued at US$24,584 while Bindura Nickel Corporation sold 31,503 at a value of US$1,008.

On the market price advancers and decliners, two securities ended in the green region and two ended in the red region. In the green district were OK Zimbabwe Ltd which increased by 0.30 point (+3.94%) to trade at US$7.90 cents and FBC Holdings Ltd advanced by 0.01 points (+0.28%) to close at US$7.02 cents.

On the Losers side, Barclays Bank of Zimbabwe decreased by 0.30 points (-6.97%) to end at US$4.00 and Innscor Limited lost by 0.02 points (-0.03%) to end at US$62.00 cents.