Zimbabwe Equity Market | 24 Aug 2015: Zimbabwe equities continue in red…industrial index down by 0.50%, Market Cap drops US$18 Mill..

Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index continued in the red plunging a further 0.50% to end at 135.13 or 0.68 points down from its previous close of 135.82 points.

The market capitalization ended at US$3.544 billion dropping a further US$18 million relative to previous trading session market capitalisation of US$3.562 billion.

The market activity today recorded a turnover of US$0.268 million exchanged in 10 traded securities via 33 trade transactions. Foreign investor buys totalled US$ 446 and foreign sells US$17,860 today. Out of the 12 traded securities, OK Zimbabwe Limited recorded US$109,992 million exchanged in 1,466,564 traded securities at US$0.750,  Delta Corporation Limited recorded US$131,646 exchanged in 158,692 traded securities and Dawn Properties Limited traded US$1,943 in 119,200 stocks. Equally, Turnall Holdings Limited had 546 shares traded valued at US$57,500 and Meikles Limited recorded 52,855 shares with total value of US$6,348 .

From the market activities strength view, there were three price gainers and two price losers hence market strength ended positive. The price gainers were Zimre Limited trading at US$0.0120 after adding 9.09% or U$0.090, Dawn Properties Limited was up trading at US$0.0163 after adding 1.87% or US$0.020 and Meikles Limited surged by 0.08% to end at US$0.120 rising by US$0.01.

On the downside, Barclays Bank of Zimbabwe Limited dropped -4.64% or US$0.020 to trade at US$0.0410 whilst Delta Corporation Limited were weaker at US$0.8299 down by -1.50% or US$0.0127.

The Mining index continued to remain flat at 35.52 points with Bindura, Falcon Gold Limited, Hwange Colliery Company Limited and RioZim Limited maintaining previous price levels at US$0.0280, US$0.0050, US$0.0350 and US$0.1200 respectively.