Zimbabwe Market Watch | 4th Aug 2015: Zimbabwe equities back in the red, industrial index loses -0.15 points, market cap sheds US$2 Mill…

Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) Industrial Index closed trading down today while the Mining index continued to remain flat despite heavier volumes traded in the days session. Market capitalisation was also down by US$2 million against the previous days trading.

The ZSE Industrial Index lost -0.15 points to close at 145.42 points from its previous close of 145.35 to end with a decrease of 0.10% (-10.67% year-to-date and -23.18% year-on-year basis). The Index was pulled down by losses in Innscor Africa Limited while other industrial sector indices such as National Tyre Services, Proplastic Limited and TSL Limited all remained unchanged.

The Mining Index continued on its steady path recording no change once again and holding at the sessions close with 39.36 points (keeping the year-to-date at -45.11% and year-on-year return at -58.32% respectively).

The Market Capitalisation ended atUS$3,814 million down from the US$3,818 billion recorded yesterday. The market activity was up however with 34 trade transactions producing a turnover of US$218,190 as opposed to the US$ 138,925 million exchanged yesterday.

In terms of Foreign Buys and Sales, Foreign investors bought US$107,424 against foreign sales which came to US$141,928 at the end of today’s trading sessions. Stocks which looked the most attractive and recorded the highest purchases by foreign investors were Innscor Africa Limited (INN.zw) with US$102,617 purchases and US$2,741 worth of sales at US$62.66 and Meikles Limited (MEIK.zw) with US$4,506 worth of purchases and no sales at US$8.54 per share and Pretoria Portland cement (PPC.zw) with US$300 purchases at US$112.00.

In terms of Volumes and value of trades, out of the 46 securities traded, Barclays Bank Zimbabwe Limited (BARC.zw) registered 276,000 traded securities at US$4.30 per share with a value of US$11,868, Innscor Africa Limited (INN.zw) recorded volumes of 210,100 securities at US$2.13 per share to end with a value of US$131,649. Meikles Limited (MEIK.zw) recorded 922,822 securities at US$8.54 to end up with a value of US$7,297.

In terms of Stock price gainers and losers, the market was weighted towards the gainers today as five securities ended in the green region and two ended in the red region. In the green zone were Willdale Limited (WILD.zw) which increased by 0.02 points (+11.11%) to trade at US$2.30 cent, Pretoria Portland cement (PPC.zw) increased by 2.00 points (+1.81%) to trade at US$112.00 cents, Hippo Valley Estates Limited (HPO.zw) advanced by 0.47 points (+1.23%) to close at US$39.50 cents. Finally, Meikles Limited (MEIK.zw) increased by 0.03 points (+0.47%) to trade at US$8.54 cents and Old Mutual Plc (OML.zw) increased by 0.25 points (+0.09%) to close at US$274.75.

On the Losers side were Ariston Limited (ARIS.zw) down by -0.30 points (-60.00%) to end at US$0.20 and Innscor Limited (INN.zw) down by -0.32 points (-0.50%) to end at US$62.66.