Zimbabwe Market Watch | June 2nd 2015: Zimbabwe stock equity market lose US$3 million.

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index retracted previous trading session gains, by losing 0.15 points (0.10 percent) to settle at 153.08 points. Likewise, the market capitalization was recorded at US$ 3.981 billion giving up US$ 3 million.

The market activity today recorded a turnover of US$1.052 million exchanging in 20 securities via 49 trade transactions. Foreign investor buys US$962,395 and foreign sells US$943,853 today. Out of the 20 traded securities, Delta Corporation Limited Zimbabwe recorded to US$531,410 (accounted for 51 percent to total market turnover) and ECONET Wireless Zimbabwe was recorded at US$487,189 (accounted for 46 percent).

On the market price movers, out of 20 traded securities 4 gainers, 5 loser and 11 remained unchanged, bring the market breath (measured as ratio of gainer to loser) to negative. On the one hand, out the gainers ART Corporation Zimbabwe and Turnall Holdings Limited added 20.00 percent (0.01 cents) to close at 0.60 cents and 20.00 percent (0.20 cents) to close at 1.20 cents respectively. Likewise, OK Zimbabwe and INNSCOR Africa Limited gained 3.33 percent and 1.65 percent with the closing price of 9.30 cents and 62.01 cents. On the other hand, Masimba Holdings Limited plummeted by 20.00 percent (or 0.50 cents) to conclude at 2 cents, Fidelity Life Assurance Zimbabwe fell by 7.14 percent on 11,208 traded shares with a closing price of 6.50 cents. Similarly, Colcom Holdings Limited and ECONET Wireless Zimbabwe fell by 4.00 percent to close at 24 cents and 2.22 percent to settle at 44 cents on 1.107 million traded shares.

On a final note, the mining index was up 0.39 points (0.88%) to close at 44.84 points following a higher bid on RIOZIM of 10 cents. However, BINDURA, FALGOLD and HWANGE maintained previous price levels at 4 cents, 1 cent and 3.40 cents respectively.

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