Zimbabwe Market Watch | 3rd Aug 2015: Zimbabwe equities about turn, industrial index up 0.15 points, market cap gains US$6 Mill…

Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) Industrial Index made an about turn today as the index closed trading up while the Mining index continued to remain flat despite the Industrial index’s recovery from previous losses. Market capitalisation was also up by an additional US$6 million from it’s previous days trading.

The ZSE Industrial Index was up 0.15% or 0.21 points from its previous close of 145.35 to end at 145.57 (-10.57% year-to-date and -23.10% year-on-year basis).

The Mining Index however recorded no change once again to hold fast on 39.36 points (keeping the year-to-date at -45.11% and year-on-year return at -58.32% respectively).

The market capitalization ended at US$3,818 billion recouping US$6 from the US$7 mill loss from  yesterday. The market activity was down today with a turnover of US$ 138,925 million exchanged via 37 trade transactions.

In terms of Foreign Buys and Sales, Foreign investors bought US$3,496 against foreign sales which came to US$2,741 at the end of today’s trading sessions. Stocks which looked the most attractive to and recorded the highest purchases by foreign investors were Econet Wireless Zimbabwe Limited (US$2,741 worth of shares at US$31.75) and African Distillers Limited (US$755 worth of shares at US$50).

In terms of Volumes and value of trades, out of the 46 securities traded, Barclays Bank Zimbabwe Limited registered 521,230 traded stocks at US$4.30 per share with a value of US$22,413 and First Mutual Holdings Limited recorded volumes for today’s trading of 137,249 of it’s securities at US$2.13 per share to end with a value of US$2,923. Bindura Nickel Corporation Limited recorded 130,000 at US$3.00 to end up with a value of US$3,900.

In terms of Stock price gainers and losers, the market was weighted towards the gainers today as five securities ended in the green region and three ended in the red region. In the green zone were Proplastic Limited which increased by 0.30 points (+15.00%) to trade at US$2.30 cent and Meikles limited advanced by 0.48 points (+5.98%) to close at US$8.50 cents. Also registering an increase was Barclays Bank of Zimbabwe which increased by 0.09 points (+2.38%) to trade at US4.30 cents

On the Losers side were First Mutual Holdings Limited which was down by -0.07 points (-2.55%) to end at US$32.01. Dairibord Holdings Limited was down by -0.20 points (-2.50%) to end at US$.780 and Econet Wireless Zimbabwe Limited was down by 0.25 points (-0.81%) to end at US$31,75.

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