EFE RESEARCH – MARKET COMMENT
19.08.15
Members of the Zimbabwe Stock Exchange
Market Comment 19.08.2015
Index
Industrial
Mining
Previous
139.53
Today
137.73
Move pts
1.80
Change %
1.29
38.72
35.59
3.13
8.08
SOURCE: ZSE
Heavy weight losses dominate…
The Industrial Index extended losses in Wednesday trades giving up 1.80pts or 1.29% to close at
137.73pts as trades where dominated by top capitalized falls. SeedCo that has been holding
its ground till today lost 4.53% to settle at $1.00, ECONET gave up 3.45% to end at $0.28, DELTA
eased 2.20% to $0.8761, OKZIM let go 3.10% to $0.075 and HIPPO retreated 0.61% to $0.3910.
With the exception of DELTA that traded mixed with swings in intraday trades, the above
mentioned stocks ended up firmly bid at their traded levels. The resources Index was not
spared today and fell 3.13pts or 8.08% to settle at 35.59 pts weighed down by BINDURA that
shed 6.67% to $0.0280 and RIOZIM that dropped 14.29% to $0.12, both on selloffs. Meanwhile
Falgold and Hwange remained unchanged at $0.0060 and $0.0350 registering no trades.
Volumes tumbled 68.33% to 1.1mn shares while value traded slumped 35.40% to $0.76mn.
Foreign money anchored the ZSE albeit relatively less than yesterday with 41.86% declines in
inflows to $0.62mn and 65.58% drop in outflows to $0.39m. Foreign interest of the day was
largely confined to DELTA and ECONET buys and sales and the demand in SEEDCO.
Market Snapshot
Market Cap US$
Today
Previous
Change
3,611,426,257
3,662,835,502
-1.40%
760,133.00
1,176,683.99
-35.40%
Foreign buys US$
615,242
1,058,133
-41.86%
Foreign sales US$
392,800
1,141,159
-65.58%
38
30
26.67%
1,103,273
3,483,974
-68.33%
Turnover US$
No. of trades
Volume
Today's Gainers
Price
Change
% Change
MEIK.zw
11.33
0.62
5.79
Today's Losers
Price
Change % Change
RIOZ.zw
12.00
2.00
14.29
BIND.zw
2.80
0.20
6.67
SEED.zw
100.00
4.75
4.53
ECO.zw
28.00
1.00
3.45
OKZ.zw
7.50
0.24
3.10
EFE RESEARCH – MARKET COMMENT
19.08.15
Members of the Zimbabwe Stock Exchange
Volume and Value drivers
Dividend Monitor
Counter
BAT
Upcoming Events
LDR
21.08.15
Rate
0.47
Company
Event
Venue
NTS
AGM
RIO
NICOZ DIAMOND
Payment Date
04.09.15
Time
Date
Stand 4 608 ,Graniteside,Harare
14.30pm
26.08.15
AGM
No.1 Kenilworth Rd,Highlands,Hre
10.30am
28.08.15
AGM
Nicoz Diamond Insurance Centre
12.00pm
21.08.15
This document has been prepared by EFE Securities (Private) Limited (EFE), for the information of its clients. Although the statements of fact in this report have been obtained from sources
that the company believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed. All opinions and estimates included in this
report constitute the company’s judgment as of the date of this report and are subject to change without notice. The securities discussed and mentioned in this report may not be suitable
for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advisors they believe
necessary. This report is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. EFE and any of the individuals
preparing this report may at any time have a long and/ or short position in any securities of companies in this report. In addition EFE may from time to time perform investment banking or
other services for, or solicit investment banking or other business from any entity mentioned in this report. EFE may at time s buy and sell shares on an agency or principal basis to its clients.
Shares may rise or fall and investors may end up with a reduced amount from their initial capital invested. Additional information on EFE’s recommended securities is available on request.