Zimbabwe Equity Markets | 13 Oct 2015: ZSE Industrial Index ends in negative sentiment, Mining flat, Market Cap down by US$20 Mill….

Harare, Zimbabwe, Capital Markets in Africa — The Zimbabwe Stock Exchange (ZSE) industrial index ended the session today in negative sentiment as the main index reversed the gains made during the previous weeks trading. The Industrial Index lost by 0.77 points to close 131.91 points, down by 0.58 percent. The ZSE Industrial index year-to-date settled at 19.41 percent. 

The market capitalization ended at US$3,417 billion down by US$20 million compared to the US$3.437 billion recorded in the previous session. 

The market activity today recorded a turnover of US$110,152 exchanged in 18 traded securities via 38 trade transactions.  Three Foreign investor buys were recorded today by Innscor Africa Limited for US$29,500, Econet Wireless Zimbabwe Limited for US$14,548, Old Mutal PLC for US$2,723, and foreign sales of CBZ Holdings Limited for US$187. 

In terms of values and volumes traded among the 81 traded securities, Econet Wireless Zimbabwe Limited totalled US$19,883 exchanged in 73,531 traded securities, Innscor Africa Limited recorded US$44,019 exchanged in 73,451 traded stocks, Mashonaland Holdings Limited recorded US$1,429 exchanged in 71,784 traded stocks and Masimba Holdings Limited totalled US$673 exchanged in 67,940 traded securities.

In terms of market activity/market strength, there were three price gainers and thirteen price losers with five prices that remained unchanged, hence the market strength ended positive. The price gainers were Zimre  Holdings Limited  closed at US$0.00120 after increasing by 8.10 percent, African Distillers Limited closed at US$0.52 after increasing by 4.0 percent and Econet Wireless Zimbabwe Limited closed at US$0.2704 after increasing by 0.14 percent.

The price losers were Padenga Holdings Limited which decreased by 15.55 percent or US$0.00140 to close at US$0.0760 and Zimre Property Investments Limited decreased by 5.26 percent or US$0.0004 to close at US$0.90.

The Mining index remained on a flat path to close at 23.57 points today. Bindura Nickel Corporation Limited traded at US$0.0130 , Hwange Colliery Company Limited and RioZim Limited maintained previous price levels at US$0.0340 and US$0.1200 respectively. Falcon Gold Limited also remained steady at US$0.0050.