Zimbabwe Market Watch | May 13th 2015: Zimbabwe stock market gains 0.29% with market cap US$4.1 billion

Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) ended on a positive note today. The Industrial index closed higher at 154.22 points adding 0.45 points (0.29%) with total market capitalization of US$4.088 billion.

Today’s market activities measured by total turnover was recorded at US$1.436 million exchanging in nine securities and 23 transactions. Foreign investors buy US$1.192 million and sell US$ 710,603. Out the nine traded securities Innscor Africa Limited, Zimbabwe, Econet Wireless Zimbabwe Limited, Delta Corporation and Mashonaland Holdings Limited accounted for 96% of the total turnover. On the volume side, the total volume was recorded at 9.84 million shares out of which Mashonaland Holdings Limited, Zimbabwe accounted for 70%.

The day market sentiment ended positive, with two gainers and one loser. The gainers are Mashonaland Holdings Limited, Zimbabwe with a gain of 0.60 cents to settle at 3 cents and Econet Wireless Zimbabwe Limited was slightly up by 0.03 cents to close at 46.03 cents. Whilst, Truworth Limited Zimbabwe  lost a cent to trade at 0.80 cents.

Furthermore, the Mining index remained unchanged to close at 42.93 points. Bindura Nickle Corporation Zimbabwe, Falcon Gold Limited Zimbabwe, Hwange Colliery Company Limited and RioZim Limited Zimbabwe maintained previous price levels at 4 cents, 0.40 cents, 3.50 cents and 6 cents, respectively.

On the corporate broadcast, Delta Corporation Limited, Zimbabwe reported its audited results for FY ended 31 March 2015. The revenue was reported at US$ 576.552 million and profit before tax of US$ 121.763 million and after tax profit of US$ 92.8 million. Likewise, the company declares a dividend payment per share of 2.30 cents.

Also Edgars Stores Limited Zimbabwe informed the market that the issued shares had been by 63 333 to 293 363 870 shares. While First Mutual Holdings Zimbabwe, gives notice of the twelfth Annual General Meeting to be held on Tuesday 2 June 2015 at 14.30 hours.

Complied by Capital Markets in Africa