Zimbabwe Market Watch | June 22nd 2015: Zimbabwe equities open lower as bearish mood prevails, market cap US$27 million down and index falls 68bps.

Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index and market capitalization opened the week in the red. The industrial index fell by 0.68 percent or 1.05 points to end at 151.85 points. Equally, the market capitalization narrowly slumped by US$27 million to end at US$3.951 billion (against US$3.978 market cap recorded at previous trading session).

The market activity today recorded a turnover of US$191,706 exchanged in 11 traded securities via 26 trade transactions. Foreign investor buys US$42,000 and foreign sells US$ 906 today. Out of the 11 traded securities, ECONET WIRELESS Zimbabwe recorded at US$112,302 exchanged in 267,386 traded securities and INNSCOR Africa Limited recorded at US$33,500 exchanged in 50,000 traded stocks. Equally, OLD Mutual Limited with 11,391 traded volumes at US$30,414 turnovers and Mashonaland Holdings Limited recorded 120,000 traded volumes at US$2,400.

On the market price leaders and laggards, two counters traded in the negative including ECONET Wireless Zimbabwe which dropped a cent to settle at 42 cents and INNSCOR lost 0.99 cents to close at 67 cents. While SEED Company was marginally up 0.01 cents to trade at 95.01 cents with activity limited to ten counters.

On a final note, the Mining index was steady at 40.28 points. BINDURA, FALGOLD, HWANGE and RIOZIM maintained previous price levels at 3.21 cents, 1 cent, 3.90 cents, and 15 cents in that order