The Zimbabwe Stock Exchange market value for the year 2011 has dropped to US$3,3 billionÂ from US$3, 9 billion dollars the previous year on the back of tight liquidity inflows.
The year 2011 has not been rosy for theÂ ZimbabweÂ StockÂ ExchangeÂ investors who have witnessed a drop in terms of their share values as funding constraints continue toÂ hinderÂ shareholder value or returns.
Figures from the ZSE shows that the market capitalisation which is the value of shares being traded fell to US$3, 3 billion this year from US$3, 9 billion last year.
For the greater part of this year the ZSE operated under difficult conditions characterised by a listing drought as prospective companies failed to mobilise funds.
Despite the tough operating climate there were other listed firms that defied odds by unlocking returns to shareholders such as Delta Beverages, Innscor , CBZ, Econet holdingsÂ and National Foods among others .
While investors were pinning hopes for the unbundling of the local bourse through a demutualisation process, the failure by the Ministry of Finance to allocate the required US$4 million have created uncertaintiesÂ about the successes of the plan.
Stock market analysts say the rebound of the local market will depend on the mobilisation of adequate funds to attract fresh listings as well as improving the value of shares.