Zimbabwe Market Watch | 3rd July 2015: Zimbabwe industrial index ends the week in the red zone, market cap holds at US3,802 Mill…

Harare, Zimbabwe (Capital Markets in Africa):– The Zimbabwe Stock Exchange (ZSE) industrial index and market capitalization ended the week in the red with market activity, foreign buys and foreign sales all dropping down into the red at the end of the day’s session .

The Industrial index slumped by -0.02 percent going downwards a further 0.03 points on Thursdays session to end at 146.20 points, stretching the year-to-date to -10.19 percent and -21.68 on year-on-year basis. The Mining index however, recovered  with an increase of -0.30 percent or 0.11 points to settle at 39.76 points (-44.55 percent and -29.15 percent year-to-date and year-on-year return respectively).

The market capitalization ended at US$ 3.802 billion, dropping US$0.62 million. The market activity recorded a Turnover of US$224,226 exchanged in 23,100  traded securities via 25 trade transactions however these were not the only indicators on a downward spiral. Foreign investors bought US$23,100 and foreign sales of US$98,559 at end of today’s trading sessions down from US$1.2 Million and US$858,072 recorded at yesterday’s trading session.

Out of the 25 traded securities, OK Zimbabwe Limited  led the market activity with 170,151 traded securities at US$13,612 with a price of US$8 however INNSCOR Africa Limited weighed in with volume purchases recording 103,838 traded securities with a value of US$62,313 with a price of US$65. Likewise, Delta Corporation Limited recorded 99,603 traded volumes valued at US$99,603, ECONET Wireless Limited recorded 69,994 traded securities valued at US$24,498 and Mashonaland Holdings Limited registered 30,00 buys valued at US$600.

In terms of the market price advancers and decliners, two securities ended in the green region and two ended in the red region. In the green district Meikles Limited gained by 14.28 percent or 1 points  to trade at 8 cents and INNSCOR Africa Limited increased by 0.01 percent or 0.01 points to close at 60.01 cents.

Conversely, Falcon Gold Limited tumbled -68.00 cents losing -1.70 cents to settle at 0.80 cents and Padenga Holdings Limited  was down by -5.74 percent or -0.60 cent to settle at 10 cents for 2,224 securities.