The Zimbabwe Stock Exchange (ZSE) is likely to miss the 2011 targets due to capital constraints which have lead to a drop in the value of shares to US$3.6 billion from US$4 billion in January this year.
With only a month and a few weeks before the year comes to an end, stock market investors have expressed concern over the depressed volumes of trading which are hindering the marketâ€™s capacity to generate funds for listed companies, individuals and the economy.
This year the ZSE had targeted to demutualise operations, increase share values to US$4.5 billion and facilitate at least three new listings.
It had also set targets to implement an electronic board among other objectives but all such initiatives have failed to become a reality due to subdued trading conditions.
A market analyst with FBC Bank Securities, Ms. Yvonne Saiti says the failure by ZSE to achieve set targets should be a wake up call for relevant government authorities to assist in the mobilisation of fresh capital for the market.
â€œThis is a wake up call and we expect something should be done to unlock earnings in the future,â€ said Ms Saiti.
While official data from the market shows that mining counters have dominated in terms of buyers due to favourable global prices for several commodities, the industrial index is experiencing a mixed set of share dealings as only blue chip or heavy weight stocks are on high demand by investors.