Zimbabwe Market Watch | June 17th 2015 industrial index and market capitalization ended in red region today

Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index and market capitalization ended in red region today. The industrial index fell by 0.05 percent or 0.08 points to end at 152.98 points. Equally, the market capitalization lost US$ 11 million to end at US$3.980 billion (against US$3.991 market cap recorded at previous trading session).

The market activity today recorded a turnover of US$2.557 million exchanged in 19 traded securities via 43 trade transactions. Foreign investor buys US$ 764,721 and foreign sells US$ 758,304 today. Out of the 19 traded securities, ECONET Wireless Zimbabwe recorded at US$641,443 exchanged in 1.490 million traded securities and INNSCOR Africa Limited recorded at US$115,583 exchanged in 170,000 traded stocks.

On the market price leaders and laggards, out of 19 traded securities 4 price shakers, 7 laggards and 8 remained unchanged, bring the market breath (measured as ratio of gainer to loser) to negative. The three price leaders were MASIMBA Holdings Limited Zimbabwe (gained 66.66 percent or 0.40 cents to close at 1.00 cent), OK Zimbabwe (surged by 5.88 percent or 0.50 cents to close at 9.00 cents), SEED Co Limited (climbed by 2.10 percent or 2.00 cent to settle at 97 cents) and ECONET Wireless  Zimbabwe (surged by 0.11 percent or 0.04 cents to end at 43.05 cents). Conversely, the laggards were General Beltings Holdings Limited Zimbabwe and MASHONALAND Holdings Limited fell by 50.00 percent and 31.37 percent with the closing price of 0.01 cent and 1.99 cents in that order. Equally, TRUWORTHS Limited accelerated by 23.07 percent with closing price of a cent and African Sun Limited ended at 2.00 cent, by adding 0.50 cents or 20.00 percent.

On a final note, the mining index fell by 13.19 percent or 6.14 (the highest movement in the 2015) to end at 40.40 points. The downward index movement is attributed to fall in BINDURA Nickel Corporation Limited (down by 19.75 percent to close at 3.21 cents). RIOZIM was bid higher at 15 cents while FALGOLD and HWANGE maintained previous price levels at a cent and 4 cents.

On corporate announcement front, PADENGA Holdings Limited and INNSCOR Africa securities will be cleared and settled on the Central Securities Depository (CSD), in an electronic form with effect from Wednesday 1st July 2015.