Harare - Data from the Zimbabwe Stock Exchange shows that there were more foreign inflows than outflows on the 1.11 billion shares traded on the exchange in the four months to April.
Foreign inflows amounted to $115.5m against $93.3m in the comparable four month period last year, an increase of 19.53%.
The number of foreign outflows however, increased by a much higher pace than inflows at 47.46% to $74.51m from $50.53m.
Local news agency Financial Express attributed this increase in foreign sales to the recent tapering off of the US Federal Reserve Bank monetary policy stance.
Turnover was 16.13% higher in the four month period to $170.01m compared to $146.39m last year.
- Fin24
Foreign inflows amounted to $115.5m against $93.3m in the comparable four month period last year, an increase of 19.53%.
The number of foreign outflows however, increased by a much higher pace than inflows at 47.46% to $74.51m from $50.53m.
Local news agency Financial Express attributed this increase in foreign sales to the recent tapering off of the US Federal Reserve Bank monetary policy stance.
Turnover was 16.13% higher in the four month period to $170.01m compared to $146.39m last year.
- Fin24