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 Share prices on the Zimbabwe Stock Exchange (ZSE) have increased by 10% because of a rise in demand for listed blue chip counters by foreign investors.
The ZSE is experiencing an increase in foreign investor participation for heavyweight listed counters resulting in the rise in terms of overall share prices.
The move has also resulted in the mainstream industrial index rising from 136 points last week to 141 points as of Thursday this week.
An equities market dealer, Mr Best Chideme confirmed to the ZBC News that the rise in demand for the shares has made it difficult for locals to take part on the listed counters due to tight funding.
“We are seeing an increase in share prices as foreign investors continue to flock the market,” said Mr Chideme.
While there is a rise in terms of activity for the listed industrial counters, there is however no joy for the resources or mining stocks which are experiencing a downward trend due to unviable prices.
The local bourse is however experiencing challenges in attracting new counters as local industry struggles to recapitalise.
Only one financial counter has so far listed on the market since the beginning of this year.
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