Zimbabwe Market Watch | June 9th 2015: Zimbabwe industrial index falls by 0.54% and market cap loses US$21 million

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index continues on a negative note, by falling 0.82 points (0.54 percent) to settle at 152.61 points. Likewise, the market capitalization was recorded at US$ 3.979 billion losing US$21 million against previous trading session.

The market activity today recorded a turnover of US$1.653 million exchanged in 19 securities via 41 trade transactions. Foreign investor buys US$1.085 million and foreign sells US$700,298 today. Out of the 19 traded securities, INNSCOR Africa Zimbabwe recorded to US$1.269 million (accounted for nearly 77 percent to total market turnover) on 1.813 million traded securities and Delta Corporation Limited recorded US$185,216 exchanged in 176,396 traded stocks.

On the market price movers, out of 19 traded securities 3 gainers, 4 loser and 12 remained unchanged, bring the market breath (measured as ratio of gainer to loser) to negative. The three gainers were HIPPO VALLEY Estates Limited Zimbabwe (Limited added 2.97 percent or 1.01 cents to close at 35.01 cents), ZIMRE Property Investment Zimbabwe (went up by 1.25 percent or 0.01 cents to close at 0.81 cents) and PADENGA Holdings Limited (added 0.10 percent or 0.01 cents to close at 9.51 cents). However, the losers were PORPLASTICS Limited Zimbabwe and Zimbabwe Newspapers (1980) Limited fell by 50.33 percent and 25.00 percent with the closing price of 1.49 cents and 0.75 cents. Similarly, TSL Limited and National Foods Holdings Zimbabwe lost 20.00 percent to close at 16.00 cents exchanged on 100,000 shares and 1.53 percent to settle at 300 cents.

On a final note, the mining index ended flat today to close at close at 44.84 points. BINDURA, FALGOLD, HWANGE and RIOZIM maintained previous price levels at 4 cents, 1 cent, 3.40 cents and 12.50 cents respectively.