zim stock xchange 20.10.jpgThe total value of shares traded on the Zimbabwe Stock Exchange (ZSE) has increased by 14% to US$29 million from US$25 million by September this year on the back of an increase in share participation.

 

According to latest statistics released by the ZSE, there has been a sudden rebound in terms of share trading, a move that has created a positive investor sentiment on some listed counters.

 

For a market that has recorded losses in share trading since January this year, the sudden rise in the volumes of shares being traded has also set a tone in terms of future trading, amid expectations that the move will result in favorable yields.

 

Only 2 financial counters are listed on the market this year through a reverse takeover as financial constraints are making it difficult for investors to mobilise funds.

 

Data from the ZSE shows that on year to date, the equities market remained in negative territory as the benchmark industrial index had a cumulative loss of 12 % since December 31 last year, while the mining index shed 11%.

 

47counters were showing year to date losses compared to 22 gainers while 6 counters are still at their opening levels.