Zimbabwe Market Watch | May 26th 2015: Zimbabwe stock lose US$54mn and index down ..

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) the industrial index gave up 2.10 points (1.35 percent) to settle at 153.84 points. Likewise, the market capitalization was recorded at US$ 4.000 billion (lost US$54 million compared to yesterday’s market capitalization of US$4,054 billion).

From the market activity perspective, today’s turnover was recorded at US$2,179,003 changing hands in 13 securities via 21 trade deals. Foreign investor buys US$1,946,270 and sells US$2,076,461. Out of the nine traded securities, ECONET WIRELESS Zimbabwe, HIPPO VALLEY ESTATES LIMITED and DELTA CORPORATION nearly 58 percent of the total turnover.

Furthermore, the day market sentiment ended negative, with two movers and three losers. The losers were POWERSPEED ELECTRICAL Limited dropped 0.70 cents to settle at 1.50 cents (i.e. lost of 31.81. percent), ECONET WIRELESS was 3 cents (about 6.12 percent) softer at 46 cents and DELTA CORPORATION shed off 2 cent to settle at 105 cents. The losses were partially offset by gains in AFRICA DISTILLERS Limited which added a cent to close at 51 cents and OLD MUTUAL moved up by 0.31 cents with a closing price of 256.51 cents.

However, the Mining index remained flat to close at 44.38 points. BINDURA, FALGOLD, HWANGE and RIOZIM maintained previous price levels at 4 cents, 1 cent, 3.50 cents and 8.50 cent respectively.