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Zimbabwe Market Watch | June 24th 2015: Zimbabwe equities walk in red district, market cap slumps by US$13 million down to US$3.901 Billion.
Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index and market capitalization continued in red today. The industrial index fell by 0.31 percent or -0.46 points to end at 150.08 points. Equally, the market capitalization slumped by US$ 13million to end at US$3.901 billion (against US$3.914 market cap recorded at previous trading session). The Minings index slumped by 0.22 percent down 0.09 cents to settle at 40.19 cents.
The market activity was bearish today with a turnover of US$202.310 (relative to US$ 948.472 recorded yesterday) exchanged in 2 traded securities via 30 trade transactions. Foreign investor buys US$103,789 and no foreign sells at end of today’s trading sessions. Out of the 2 traded securities, DELTA Corporation Limited was valued at US$101,935 exchanged in 131,244 traded securities and Masimba Holdings Limited’s value was recorded at US$1,853.53 exchanged in 231,692 traded stocks.
On the market price leaders and laggards, three securities were ended in the green region and five ended in the red district. In the green region were Fidelity Life Assurance Ltd which added 7.14 percent to trade at 0.50 cents, Old Mutual surged 0.59 percent to close at 1.60 cents and Seed Co Limited which increased 53 percent to end at 0.51. Those in the red district were Masimba Holdings Ltd (down by 20.00 percent or 0.20 cents to end at 0.80 cents), CFI Holdings Ltd (lost 19.67 percent or 49.00 cent to trade at 2.00 cents), First Mutual Holdings Limited (plunged by 13.04 percent to settle at 2.00 cents), Zimre Property Investments Limited (tumbled by 2.43 percent to conclude at 80.00 cents) and Delta Corporation Limited (gave up 98 percent or 1 cents to close at 101.00 cents).
On a final note, the Technology and Agriculture sector index remained steady at 41.99 and 1,150 points respectively. Innscor Africa and National Foods Holdings Ltd maintained previous price levels at 67 cents and 300 cents.