Zimbabwe Market Watch | May 18th 2015: Zimbabwe equity market went up 0.81 points (0.53%) to close at 154.84pts

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index was up 0.81 points (0.53%) to close at 154.84 points as the mobile giant Econet Wireless gained 2.91 cents to trade at 49.01 cents. The market capitalization was recorded at US$ 4.024 billion.

From the market activity perspective, today’s total volume and turnover was recorded at 5.2 million and US$403,733 respectively exchanging in five shares and ten transactions. Foreign investor buys US$139,076 and sells US$245,050. The five traded securities were Econet Wireless Zimbabwe Limited (accounted for about 62 percent of total turnover and almost 10 percent of total volume), Mashonaland Holdings Limited Zimbabwe (contributed nearly 90 percent and 35 percent of total volume and turnover respectively), Innscor Africa Limited, Delta Corporation and OK Zimbabwe.  

Furthermore, the day market sentiment ended neutral, with one movers and one laggards. The losers was OK Zimbabwe given up 9.90 percent (lost one cent) to settle at 10 cents while Econet Wireless Zimbabwe Limited gained 6.31 percent to close at 46.01 cents. But, Mashonaland Holdings Limited Zimbabwe, Innscor Africa Limited Zimbabwe and Delta Corporation were unchanged at 105 cents, 60 cents and 3 cents in that order.

However, 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.