• 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

Zim bourse a global leader in January

Feb 01 2013 17:14
Malcom Sharara, Fin24’s correspondent in Zimbabwe
Zimbabwe flag


Company Data


Last traded 867
Change 7
% Change 1
Cumulative volume 495492
Market cap 0

Last Updated: 27-11-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA


Last traded 839
Change 12
% Change 1
Cumulative volume 501832
Market cap 0

Last Updated: 27-11-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Zim banks agree to drop lending rates

Support us or leave, Zim tells banks

Tsvangirai: Don't erode faith in Africa

Zim BEE: Foreign banks will not be spared

Zimbabwe has mere $217 in the bank

Zim banks face huge financial losses

Harare - The Zimbabwe Stock Exchange (ZSE) was one of the best performing bourses in the world, at least in the month of January 2013, preliminary figures have shown.

The ZSE’s main industrials index has added 20.3% since the beginning of the year, making it one of the best performing bourses.

Foreign investors seem to be behind the ZSE’s rally, with South African-based players like Allan Gray, African Alliance and Renaissance Securities broking deals for the foreigners.

The Nigerian Stock exchange was a distant second, having gained 13.87% year-to-date. South Africa’s FTSE/JSE Africa All Share Index has only managed 3.67% year to date.

Most bourses however seem to have started the year on a positive note, with the Nairobi Securities Exchange Ltd All Share Index having gained up 9.11%.

The Mauritius Stock Exchange SEMDEX Index also closed positive, up 4.15% in January.

On the international scene the FTSE 100 Index had picked up 7.06% by the close of January. The Dow Jones Industrial was also positive up 5.77% year-to-date.

The Lusaka Stock Exchange All Share Index was however weaker, having lost 1.62% by the end of January.

But it is the performance of the ZSE which has surprised many, given the country’s economic situation.

The country’s manufacturing sector is on the brink of collapse with capacity utilization plunging to 44.2% in 2012.

In November 2012, Finance Minister Tendai Biti revised the country’s gross domestic product growth for 2012 to 4.4% from the 5.6% he set during his mid-term fiscal policy review in June 2012, after the initial 9.4% forecast.

Stocks that have supported the bullish trend include Delta owned by SABMiller [JSE:SAB], up 25.90% year-to-date.

British American Tobacco [JSE:BTI]  is also bullish up 38.89% since the beginning of the year.

The year’s top riser on the ZSE is however little known pharmaceutical manufacturer Medtech up 566%.

 - Fin24

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

zimbabwe  |  economy



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