Zimbabwe Market Watch | June 11th 2015: Zimbabwe industrial index continues in red, marginally falls of 0.01%

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index continued in red, by marginally losing 0.01 points (0.01 percent) to settle at 152.04 points. However, the market capitalization nearly reminded flat to close at US$ 3.965 billion.

The market activity today recorded a turnover of US$538,079 exchanged in 22 traded securities in 40 trade transactions. Foreign investor buys US$331,176 and foreign sells US$215,000 today. Out of the 12 traded securities, ECONE WIRELESS Zimbabwe recorded turnover of US$216,538 (accounted for nearly 44 percent to total market turnover) exchanged in 503,576 traded securities and ZIMRE PROPERTY Investment recorded at US$5,067 exchanged in 625,600 traded stocks.

On the market price movers, out of 22 traded securities 3 gainers, 3 losers and 16 remained unchanged, bring the market breath (measured as ratio of gainer to loser) to neutral. The three gainers were PROPLASTICS Zimbabwe (added 87.50 percent or 0.70 cents to close at 1.50 cents), PADENGA Holdings Limited (went up by 5.15 percent or 0.49 cents to close at 10.00 cents) and CBZ HOLDINGS Limited (surged by 1.93 percent or 0.19 cents to end at 10.00 cents. Conversely, the laggards were MASIMBA Holdings Zimbabwe and DELTA Corporation fell by 70.00 percent and 0.95 percent with the closing price of 0.60 cents and 104.00 cents. Equally, HIPPO VALLEY ESTATES nose-dive by 0.02 percent to close at 35.00 cents exchanged in 27,407 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.