Zimbabwe Market Watch | June 18th 2015: Zimbabwe industrial index marginally falls, market cap US$1 million down

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index and market capitalization sustained the bearish runs today. The industrial index fell by 0.02 percent or 0.03 points to end at 152.94 points. Equally, the market capitalization narrowly lost US$ 1 million to end at US$3.979 billion (against US$3.980 market cap recorded at previous trading session).

The market activity today recorded a turnover of US$315,503 exchanged in 22 traded securities via 40 trade transactions. Foreign investor buys US$122,474 and zero foreign sells today. Out of the 22 traded securities, TSL Zimbabwe recorded at US$88,479 exchanged in 442,395 traded securities and Old Mutual recorded at US$78,877 exchanged in 29,542 traded stocks. Equally, DAWN PROPERTIES Limited with 383,148 volume and 5,939 turnover, CFI Holdings Limited recorded 355,047 volume and MASHONLAND Holdings Limited was recorded volume of 343,720.

On the market price leaders and laggards, out of 22 traded securities 4 price shakers, 2 laggards and 16 remained unchanged, bring the market breath (measured as ratio of gainer to loser) to positive. The four price leaders were DAWN PROPERTIES Limited Zimbabwe (gained 3.33 percent or 0.05 cents to close at 1.55 cents), ZIMRE Properties Investment Zimbabwe (surged by 2.49 percent or 0.01cents to close at 0.82 cents), OLD MUTUAL PLC (climbed by 1.86 percent or 4.89 cent to settle at 267 cents) and MASHONLAND Holdings  Zimbabwe (surged by 0.50 percent or 0.01 cents to end at 2.00 cents). Conversely, the laggards were PADENGA Holdings Limited Zimbabwe and Pretoria Portland Cement Limited fell by 0.09 percent and 0.01 percent with the closing price of 10 cents and 119.99 cents in that order.

On a final note, the Mining index was flat at 40.40 points. BINDURA (BIND.zw), FALGOLD (FALG.zw), HWANGE (HCCL.zw) and RIOZIM (RIOZ.zw) maintained previous price levels at 3.21 cents, 1 cent, 4 cents and 15 cents in that order.

On corporate news front, the Directors of NicozDiamond Insurance Limited wish to advise shareholders that the Company is engaged in discussions, which if successful, may result in a transaction which may have a material impact on the Company’s share price. Shareholders are thus advised to exercise caution when dealing in the Company’s shares.