Zimbabwe Market Watch | 30th July 2015: Zimbabwe equities reverse back into green, industrial index up 0.58 points, market cap up US$12 Mill…

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) Industrial Index closed trading reversing back into the green today as it tried to close in on the the losses made earlier in the week. The market capitalisation edged up with an additional US$12 mill.

The ZSE Industrial Index was up by +0.39% a leap of 0.58 points up from its previous close of 145.05 to end at 145.63 (-10.54% year-to-date and -21.01% year-on-year basis).

Sentiment was not the same for the Mining Index however as the index dropped -3.85% equivalent to -1.58 basis points to close on 39.36 points (keeping the year-to-date at -45.11% and year-on-year return at -59.61% respectively).

The market capitalization ended at US$3,819 billion up US$12 mill from US$3,807 billion recorded yesterday. The market activity was mixed today with a turnover of US$ 1.120 million exchanged via 37 trade transactions.

In terms of Foreign Buys and Sales, Foreign investors bought US$227,973 down from US$415,930 seen yesterday against foreign sales which came to US$778,884 at the end of today’s trading sessions leaving sentiment bearish.

In terms of Volumes and value of trades, out of the 60 securities traded, Delta Corporation Limited registered 803,800 traded stocks at US$99.50 per share with a value of US$799,781 and FBC Holdings Limited recorded the highest volumes today trading 613,954 of it’s securities at US$7.00 per share to end with a value of US$42,977. Innscor Limited recorded 322,745 at US$63.00 to end up with a value of US$203,329. Likewise, First Mutual Limited registered 229,715 traded stocks at US$2.20 per share with a value of US$5,054 and Dairibord Holdings Limited recorded 100,000 trades valued at US$8,000 priced at US$8.00 per share.

In terms of market price gainers and losers, the market was level today as five securities ended in the green region and three ended in the red region. In the green zone were Zimbabwe Newspapers Ltd which increased by 0.40 points (+66.66%) to trade at US$1.00 cent and Barclays Bank of Zimbabwe Ltd advanced by 0.20 points (+5.00%) to close at US$4.20 cents. British American Tobacco Zimbabwe which increased by 0.20 point (+1.75%) to trade at US$1,160.00 cents and Innscor Africa Ltd advanced by 1.00 points (+1.61%) to close at US$63.00 cents.

On the Losers side, Bindura Nickel Corporation Ltd was down by -0.20 points (-6.25%) to end at US$3.00. Econet Wireless Ltd was down by -0.15 points (-0.48%) to end at US$32.85 and Old Mutual Ltd was down by -0.04 points (-0.01%) to end at US$274.21.

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