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Harare - The Zimbabwe Stock Exchange closed the first half of the year on Monday having lost 7.7% year-to-date to 186.56 points.
Market capitalisation was at $4.87bn, down from the opening level of $5.2bn.
An estimated $210m was invested in the market during the period under review. This is slightly down from an approximate $222m that had been traded during the same period last year.
A total 37 stocks closed the period in red while 15 stocks recorded gains. The balance of 11 stocks closed the period under review unchanged.
The ZSE’s performance mirrors the country’s struggling economy.
The World Bank, in its June 2014 report downgraded Zimbabwe’s growth rate to 2% from earlier projections of 3%.
This is also at a time most listed companies reported reduced revenues while others reported increased losses for the financial year ended December 2013.
Results for the financial year ended 31 March 2014 have also been negative as the economic situation in the country continues to worsen.
Market capitalisation was at $4.87bn, down from the opening level of $5.2bn.
An estimated $210m was invested in the market during the period under review. This is slightly down from an approximate $222m that had been traded during the same period last year.
A total 37 stocks closed the period in red while 15 stocks recorded gains. The balance of 11 stocks closed the period under review unchanged.
The ZSE’s performance mirrors the country’s struggling economy.
The World Bank, in its June 2014 report downgraded Zimbabwe’s growth rate to 2% from earlier projections of 3%.
This is also at a time most listed companies reported reduced revenues while others reported increased losses for the financial year ended December 2013.
Results for the financial year ended 31 March 2014 have also been negative as the economic situation in the country continues to worsen.
