• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

ZSE reaches all-time high

Jul 12 2013 16:24
Malcom Sharara, Fin24’s correspondent in Zimbabwe
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



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
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

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

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote