The Zimbabwe Stock Exchange has reacted positively to the new political dispensation following the inauguration of the new President, Cde Emmerson Mnangagwa.
The mainstream industrial index registered a 4,72 percent increase to 333,68 points by close of trading on Monday but the mining index was unchanged at 126,63 points.
An economist, Mr Pesistence Gwanyanya told the ZBC News that the recovery in stocks, which had shed more than $5 billion in the past two weeks, is an indication of the confidence investors have in the country’s new political system.
By end of trading, OK Zimbabwe’s share price rose by 19,93 percent to close trading at 16,85 cents, DELTA rose by 9,31 percent to end at 144,54 cents, ECONET was 16,77 percent up to end at 103,55 cents and OLD MUTUAL went up by 8,57 percent to end at 496,74 cents.
However, DZL dropped by 19,71 percent to 14,05 cents, EDGARS shed 14,89 percent to end at 4,00 cents, AFRICAN SUN was 14,63 percent down to end at 3,50 cents and SIMBISA dropped by 7,41 percent to close at 50,00 cents.