Zimbabwe Market Watch | May 28th 2015: Zimbabwe stock equities lost further today.

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) the industrial index lost a further 0.78 point points (0.51 percent) to settle at 152.98 points. Likewise, the market capitalization was recorded at US$ 3.979 billion (lost mere US$20 million compared to yesterday’s market capitalization of US$3,999 billion).

The market activity today recorded a turnover of US$784,317 changing hands in 21 securities via 40 trade deals. Foreign investor buys US$227,784 and no foreign sells today. Out of the eleven traded securities, the DELTA CORPORATION nearly 97 percent of the total market turnover.

On the market price movers, CAFCA Limited dropped 4.90 cents to trade at 35.10 cents, SEEDCO Limited Zimbabwe eased 4 cents to settle at 90 cents and the cement maker PRETORIA PORTLAND CEMENT shed 2 cents to trade at 123 cents. Other losses were in MEIKLES Limited which shed 1.30 cents to 7.50 cents and AFRICAN DISTILLERS went down a cent to close at 50 cents.

On the losers’ side, four stocks traded in the positive territory; MASIMBA moved up 0.30 cents to 2.50 cents, OLD MUTUAL added 0.12 cents to 256.63 cents and DELTA was marginally up by 0.10 cents to close at 105.10 cents. INNSCOR inched up 0.01 cents to close at 60.01 cents

On a final note, the mining index retreated by 0.13 points (0.29%) to close at 44.45 points. BINDURA and FALGOLD maintained previous price levels at 4 cents and 1 cent. RIOZIM gained 0.50 cents to trade at 9 cents.

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