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Zimbabwe Market Watch | June 23rd 2015: Zimbabwe equities walk in red district, market cap US$37 million down and index falls 85bps.
Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index and market capitalization continued in red paths today. The industrial index fell by 0.85 percent or 1.29 points to end at 150.65 points. Equally, the market capitalization slumped by US$37 million to end at US$3.914 billion (against US$3.951 market cap recorded at previous trading session).
The market activity was buoyant today with a turnover of US$948.472 (relative to US$ 191,706 recorded yesterday) exchanged in 16 traded securities via 40 trade transactions. Foreign investor buys US$585,352 and no foreign sells at end of today’s trading sessions. Out of the 16 traded securities, OLD MUTUAL Zimbabwe was valued at US$253,186 exchanged in 94,649 traded securities and PEARL Properties Limited value was recorded at US$131,478 exchanged in 4.697 million traded stocks. Equally, MEIKLES Limited had 284,501 traded volumes at US$19,944 turnover and Mashonaland Holdings Limited had 57,969 traded volumes at US$1,159.
On the market price leaders and laggards, two securities were ended in the green region and five ended in the red district. On the green region were OLD MUTUAL which added 0.50 cents to trade at 267.50 cents and MEIKLES Limited surged by 0.01 cents or 0.14 percent to close at 7.01 cents. While those on the red district were NATIONAL TYRE SERVICES Limited (down by 20.00 percent or 0.50 cents to end at 2.00 cents), OK Zimbabwe (lost 11.11 percent or 1.00 cent to trade at 8.00 cents), DELTA Corporation Limited (plunged by 2.85 percent to settle at 102.00 cents), ECONET WIRELESS Zimbabwe (tumbled by 0.02 percent to conclude at 41.99 cents) and SEED Company Limited (narrowly gave up 0.01 percent or 0.01 cents to close at 95.00 cents).
On a final note, the Mining index was steady at 40.28 points. BINDURA, FALGOLD, HWANGE and RIOZIM maintained previous price levels at 3.21 cents, 1 cent, 3.90 cents, and 15 cents in that order.