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Harare - The Zimbabwe Stock Exchange’s main Industrials Index registered its biggest gain since dollarisation as it closed the year 32.62% higher.
By the close of trading on Tuesday, the Industrials Index had notched a year-to-date gain of 32.62% to close the year at 202.12 points.
The ZSE’s market capitalisation, which opened the year at US$3.930bn, was also up 32.32% to close the year at $5.2bn.
The Zimbabwean economy has had a turbulent year, which was mainly affected by the elections on July 31 as well as uncertainties surrounding its empowerment laws.
However, this did not deter foreign investors, who were net buyers of Zimbabwean stocks.
More than $450m was invested on the ZSE in 2013.
The ZSE’s performance is ahead of gains recorded by regional indices like the MSCI FM Africa (up 28.8%), MSCI Frontier Markets (up 25.6%) and MSCI emerging markets (down 2.3%).
- Fin24
By the close of trading on Tuesday, the Industrials Index had notched a year-to-date gain of 32.62% to close the year at 202.12 points.
The ZSE’s market capitalisation, which opened the year at US$3.930bn, was also up 32.32% to close the year at $5.2bn.
The Zimbabwean economy has had a turbulent year, which was mainly affected by the elections on July 31 as well as uncertainties surrounding its empowerment laws.
However, this did not deter foreign investors, who were net buyers of Zimbabwean stocks.
More than $450m was invested on the ZSE in 2013.
The ZSE’s performance is ahead of gains recorded by regional indices like the MSCI FM Africa (up 28.8%), MSCI Frontier Markets (up 25.6%) and MSCI emerging markets (down 2.3%).
- Fin24
