Zimbabwe Market Watch | May 29th 2015: Zimbabwe stock equity extends down trend

Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) the industrial index lost a further 0.01 points (0.01 percent) to settle at 152.96 points. Likewise, the market capitalization was recorded at US$ 3.978 billion (lost mere US$1 million compared to yesterday’s market capitalization).

The market activity today recorded a turnover of US$330,871 changing hands in 16 securities via 26 trade deals. Foreign investor buys US$138,969 and foreign sells US$133,006 today. Out of the 16 traded securities, the ECONET WIRELESS Zimbabwe recorded to US$ 135,000 and MASHONALAND Holdings Limited recorded 1.929 million.

On the market price movers, out of 16 traded securities 2 gainers, 4 losers and 10 remained unchanged. INNSCOR AFRICA Limited and PRETORIAL PORTLAND CEMENT Limited went up by 1.64 percent to close at 61 cents and 0.01 percent to close at 123 cents on 33,965 traded shares. While African Sun Limited fell by 7.40 percent (0.20 cents) with a closing price of 2.50 cents, Mashonland Holdings Limited shed off 0.99 cents (2.15 percent), ECONET WIRELESS Zimbabwe Limited plummeted by 2.15 percent to settle at 45 cents and OK Zimbabwe Limited declined by 1.09 percent to trade at 9 cents.

On a final note, the mining index remained unchanged to close at to close at 44.45 points.