Zimbabwe equity market |

What Will It Take to Fix the Mess in Zimbabwe?

HARARE (Capital Markets in Africa) – Busisa Moyo can’t wait to get out the door. It’s the middle of a Monday afternoon, and the chief executive officer of Zimbabwe’s United Refineries Ltd. is striding briskly out of his crushing plant—a vast rectangular structure with red brick walls and a corrugated metal roof. In theory, this is where millions of soybeans at a time can be cleaned, heated, cracked, and pulverized to extract vegetable oil. Except today, like most…

In Topsy-Turvy Zimbabwe, Stocks to Fall on Confidence Return

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HARARE (Capital Markets in Africa) – If investors want a sign that confidence is returning to Zimbabwe following the armed forces’ seizure of power from President Robert Mugabe on Wednesday morning, they should look for stocks to fall. In Zimbabwe’s dysfunctional market, the deeper the economy has sunk, the more equities have soared. The nation’s main gauge is up 322 percent in the past year in dollars, the best performance globally, even as a cash shortage choked businesses and…

Zimbabwe Equities Are Almost More Bitcoin Than Bitcoin: Gadfly

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HARARE (Capital Markets in Africa) – The political turmoil isn’t a prelude to a buying opportunity. Look before you leap. Zimbabwe’s political shake-up isn’t exactly the first step on the road to investment. A jump of 390 percent year-to-date in the benchmark Zimbabwe Industrial Index, which has a market capitalization of $14.5 billion and excludes mining companies, looks fabulous news for frontier funds invested in what used to be called Africa’s bread-basket. It’s held on to those…

Zimbabwe Stocks Fall on Coup as Companies Stay on High Alert

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HARARE (Capital Markets in Africa) – Zimbabwean stocks fell the most in two months after the army seized control of the country, prompting shoppers to shun the main retail areas in the capital Harare, and Nedbank Group Ltd. to send some of its staff back to South Africa. The country’s benchmark index slid 1.3 percent, the biggest drop since Sept. 19, led by a 20 percent decline in clothing retailer Edgars Stores Zimbabwe, and financial services…

Investing in African equity markets today: Zimbabwe as a case study for sub-Saharan Africa

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HARARE (Capital Markets in Africa) – A decade after its first disastrous flirtation with hyperinflation, Zimbabwe is once again on the economic precipice with the effects being conspicuously similar. Supermarket shelves have started to empty, some public and even private sector salaries remain unpaid, banking hall queues are getting longer and hospitals are short of basic supplies. Whilst the humanitarian state of affairs is critical we find the microeconomic structures persistently durable given that businesses continue…

Zimbabwe Equity Market | 28 Aug 2015: Zimbabwe Stock Exchange industrial index 0.49% higher …

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Harare, Zimbabwe (Capital Markets in Africa):-The Zimbabwe Stock Exchange (ZSE) industrial index in green territory today and surged by 0.49 percent or 0.67 points to end at 135.53 points. On the week on week basis the Industrial index was down 0.29 points or 0.21%. The market capitalization ended at US$3.555 billion after adding US$ 18 million from the previous market capitalization of US$3.537 billion. The market activity today recorded a turnover of US$476,839 exchanged in 13…

Zimbabwe Equity Market | 27 Aug 2015: Zimbabwe equities continue in red zone…Market cap down by US$3 Mill..

Posted on by The Editorial Team

Harare, Zimbabwe (Capital Markets in Africa):- The Zimbabwe Stock Exchange (ZSE) industrial index continued in red zone with further losses plunging 0.08% to end at 134.86 or -0.10 points down from its previous close of 134.97 points. The market capitalization ended at US$3.537 billion shaving off a further US$3 million relative to previous trading session market capitalisation of US$3.540 billion. The market activity today recorded a turnover of US$0.236,847 million exchanged in 7 traded securities via 29 trade transactions. Foreign investor buys…

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