Zimbabwe Market Watch | June 19th 2015: Zimbabwe equity market cap lose US$1 million

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index and market capitalization continued in the red region today. The industrial index fell by 0.02 percent or 0.03 points to end at 152.90 points. Equally, the market capitalization narrowly lost US$ 1 million to end at US$3.978 billion (against US$3.979 market cap recorded at previous trading session). The Industrial index was up 0.70 points (0.46%) compared to week ending 12 June 2015.

The market activity today recorded a turnover of US$205,396 exchanged in 23 traded securities via 46 trade transactions. Foreign investor buys US$74,459 and foreign sells US$ 36,862 today. Out of the 23 traded securities, ECONET WIRELESS Zimbabwe recorded at US$94,416 exchanged in 219,572 traded securities and British-American Tobacco recorded at US$57,500 exchanged in 5,000 traded stocks. Equally, Zimbabwe Newspapers Limited with 1.00 million traded volumes and ART Corporation Limited recorded 641,466 traded volumes.

On the market price leaders and laggards, heavyweight counters dominated the losers with LAFARGE Cement Zimbabwe and SEED Company both down 2 cents to trade at 38 cents and 95 cents respectively. Zimbabwe Newspapers dropped 0.15 cents to close at 0.60 cents whilst ECONET was marginally lower 0.05 cents to settle at 43 cents. Tobacco processor British-American Tobacco shifted 10 cents to close at 1150 cents. ZB Financial Holdings was a cent higher at 3.50 cents; FIDELITY LIFE gained 0.50 cents to 7 cents and ARISTON Holdings Limited added 0.10 cents to 0.50 cents.

On a final note, the Mining index retreated 0.12 points (0.30%) to close at 40.28 points as HWANGE lost 0.10 cents to trade at 3.90 cents. BINDURA, FALGOLD and RIOZIM maintained previous price levels at 3.21 cents, 1 cent, and 15 cents in that order. Week on week Mining index lost 6.26 points (13.45%).