Zimbabwe Market Watch | June 10th 2015: Zimbabwe industrial index extended it bearish runs, down by US$14 million

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index extended it bearish runs, by further losing 0.56 points (0.36 percent) to settle at 152.05 points. Likewise, the market capitalization was recorded at US$ 3.965 billion losing US$14 million against previous trading session market capitalization of US$3.979

The market activity today recorded a turnover of US$156,653 exchanged in 12 traded securities in 38 trade transactions. Foreign investor buys US$110,993 and zero foreign sells today. Out of the 12 traded securities, TURNALL Holdings Limited Zimbabwe recorded to US$69,557 (accounted for nearly 44 percent to total market turnover) exchanged in 6.323 million traded securities and ECONET Wireless Zimbabwe recorded US$46,987 exchanged in 109,271 traded stocks.

On the market price movers, out of 12 traded securities 4 gainers, 3 losers and 5 remained unchanged, bring the market breath (measured as ratio of gainer to loser) to negative. The four gainers were CBZ Holdings Limited Zimbabwe (added 40.14 percent or 2.81 cents to close at 9.81 cents), COLCOM Holdings Limited (went up by 4.16 percent or a cent to close at 25.00 cents), STRATAFRICA CORPORATION Limited (surged by 4.16 percent or 0.05 cents to end at 1.25 cents and OLD MUTUAL Zimbabwe (gained 0.74 percent or 1.93 cents to close at 260 cents). Conversely, the losers were PORPLASTICS Limited Zimbabwe and TURNALL Holdings fell by 46.03 percent and 8.33 percent with the closing price of 0.80 cents and 1.10 cents. Equally, ECONET Wireless Zimbabwe Limited nose-dive by 2.27 percent to close at 43.00 cents exchanged in 109,271 traded shares.

On a final note, the mining index ended flat today to close at close at 44.84 points. BINDURA, FALGOLD, HWANGE and RIOZIM maintained previous price levels at 4 cents, 1 cent, 3.40 cents and 12.50 cents respectively.