Data provided by iNet BFA
Loading...
See More

ZSE reaches all-time high

Jul 12 2013 16:24 Malcom Sharara, Fin24’s correspondent in Zimbabwe
New York Stock Exchange

(AFP)

Related Articles

Grindrod to buy into Zim company

Zim posts $529.6m trade deficit with SA

Zim SMEs achieve $7.4bn turnover

Zim steps up roll-out of cheap petrol

Zim nets $583m from mineral output

Zim FDI remains low - UN report

 
Harare - The Zimbabwe Stock Exchange (ZSE) has reached an all-time high, with the Industrial Index reaching the 223.89 point level for the first time since dollarisation.

The ZSE has now gained 53.47% since the beginning of the year - a good return, considering the bourse trades in United States dollars.

The ZSE's strong rally comes just a few weeks ahead of Zimbabwe’s watershed elections, scheduled for July 31.
 
Foreign investors are dominating trades on the ZSE, accounting for more than half of bourse’s total turnover for the six months to June.
 
The major drivers on the bourse were heavy capitalised stocks, including SABMiller-owned Delta Corporation which had gained 48% in the year to date.
 
Telecoms company Econet also amassed good returns for investors, having gained 51.11% since the beginning of the year.
 
British-owned BAT remained a darling on the Zimbabwean market, having put on a staggering 261% to close at US$13.
 
Barclays Bank has given investors more than 130% in returns.
 
Retailer OK Zimbabwe, partly owned by Investec, is up 80% year to date.
 
PPC and Old Mutual have also made good capital gains, with gains of 25% and 53.36% respectively.
 
 - Fin24

 

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

zimbabwe  |  africa economy  |  stock exchanges
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
15 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Expanding your business requires capital and banks have stringent lending criteria in place.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...