Foreign investors have renewed their interest on the Zimbabwe Stock Exchange (ZSE) listed companies resulting in a surge in the value of shares to US$3,2 billion from US$3 billion last month.The renewed interest on the local market by the foreign investors is expected to result in the ZSE unlocking better returns for investors.
According to figures from the ZSE released to ZBC News, the rise in the foreign investor participation has also led to improved prices for several listed counters.
Africa Investment Markets Executive Director, Mr.Â Farai Dyirakumunda said the surge in the level of foreign investor participation on the local bourse is mainly due to depressed trading conditions on developed markets.
â€œIt is true the local market has witnessed a surge in the growth of shares mainly due to depressed conditions in Euro Zone markets,â€ said Mr. Dyirakumunda.
The local stock market has since the beginning of this year experienced a drop in foreign investor deals but stockbrokers say the renewed interest will restore market confidence.