TRADING on the Zimbabwe Stock Exchange ended today on a positive note buoyed by a positive investor sentiment which resulted in several counters registering impressive gains.It had been a rosy week for trading on the stock exchange with several counters registering positive results on the back of an increased investor sentiment.
Although trading has been subdued due to lack of liquidity following the use of multiple currencies in transactions, today saw a surge in the value of shares for several listed firms.
The sudden release of impressive audited half year financials for listed firms is a key factor that has also attracted several investors to part in the market.
With the demutualization coming on stream the value of shares on the market will emerge competitive in a move expected to result in an increase in the market capitalization that is hovering at US$4 billion mark.
Blue chip counters are also leading the pace in terms of attracting investors as they enjoy the capacity to yield huge returns.
Local investors continue taking positions in the market, with most, opting for counters with strong fundamentals in anticipation that foreign investors will increase their participation on the local bourse.
With the economy gradually returning to normalcy and economic growth forecast at 4% on the back of increased capacity utilisation across all sectors of the economy, analysts envisage more foreign investors becoming more interested in both listed and private companies.
Going forward the stock market will be an attractive investment portfolio due to viable pricing structures, a move market analysts say will boost overall market performances.