Zimbabwe Market Watch | June 5th 2015: Zimbabwe stock equity ends the week on positive note but negative today.

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index ended the week lower at 153.49 point losing 0.15 points or 0.10 percent. Despite today’s loss the industrial index end on positive territory, by adding 0.53 points or 0.35 percent compared to week ending 29 May 2015. Likewise, the market capitalization ended the week at US$ 3.994 billion, by adding US$16 million compared to US$3.978 billion recorded the week closing 29 May 2015.

The market activity today recorded a turnover of US$412,170 exchanging in 10 securities via 21 trade transactions. Foreign investor buys US$135,416 and zero foreign sells. today. Out of 10 traded securities, INNSCOR Africa Limited and British American Tobacco Zimbabwe recorded turnover of US$159,507 and US$124,055 respectively. While FBC Holdings Limited and INNSCOR Africa Limited recorded volume of 573,394 and 227,542 respectively.

On the market price movers, out of 10 traded securities 2 gainers, 1 loser and 6 remained flat, bring the market breath (measured as ratio of gainer to loser) to negative. On the one hand, RioZIM Limited and National Foods Holdings Limited Zimbabwe climbed by 7.75 percent or  0.90 cents to close at 12.50 cents and 1.66 percent or 50 cents with closing price of 305 cents respectively. However, FBC Holdings Limited Zimbabwe plummeted by 12.50 percent or  1.00 cent with the closing price of 7.00 cents.

On a final note, the mining index was up 0.35 points (0.76%) to close at 46.54 points after RIOZIM gained 0.90 cents to trade at 12.50 cents. BINDURA, FALGOLD and HWANGE maintained previous price levels at 4 cents, 1 cent and 4 cents respectively. At the same time, the mining index added 2.09 points or 4.70 percent on week-on-week basis.