Zimbabwe Equity Watch | 29 June 2015: Zimbabwe equities start on uptrend, market cap US$13 million gains and indices rise.

Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index and market capitalization started the week on bullish note at the end of today’s trading session. The industrial index grew by 0.04 percent or 0.06 points to end at 148.85 points. Equally, the market capitalization rose by US$13 million to end at US$ 3.877 billion (against US$ 3.864 market cap recorded at previous trading session).

The market activity improved today with a turnover of US$468,979 (relative to US$ 75.365 recorded at previous trading session) exchanged in 10 traded securities via 24 trade transactions. Foreign investor buys US$270,068 and foreign sells of US$403,418 at end of today’s trading sessions. Out of the 10 traded securities, ECONET Zimbabwe was valued at US$33,561 exchanged in 83,903 traded securities and PADENGA Holding Limited recorded at US$19,176 exchanged in 182,630 traded stocks. Equally, CFI Holdings Limited had100,000 traded volumes at US$2,490 turnover and Powerspeed Electrical Limited had 26,292 traded volumes at US$578.

On the market price advancers and decliners, five securities were ended in the green region and one ended in the red district. On the green region were POWERSPEED ELECTRICAL added 1.20 cents or 120 percent  to trade at 2.20 cents and CFI HOLDINGS Limited surged by 0.49 cents or 24.50 percent to close at 2.49 cents.

Also, DAIRIBOND HOLDINGS Limited (gained 0.50 cents to close at 8.00 cents on 525 traded stocks), FIDELITY LIFE ASSURANCE Limited (rose by 6.66 percent or 0.50 cents to settle at 8.00 cents on 24,662 securities) and PADENGA HOLDINGS Limited (climbed by 5.00 percent or 0.50 cents to trade at 10.50 cents on 182,630 volumes). While on the red district was INNSCOR AFRICA Limited plunged by 1.50 percent or a cent with a closing price of 62 cents.

On a final note, the Mining index went up by 11.20 percent or 4.50 points to settle at 44.69 after BINDURA was bid higher at 3.70 cents. FALGOLD, HWANGE and RIOZIM maintained previous price levels at 1 cent, 3.90 cents, and 15 cents in that order.