The ZSE is currently led by Emmanuel Munyukwi, who replaced Anthony Barfoot, at the helm for more than 10 years on the bourse which then traded using Zimbabwean dollars as legal tender.
The ZSE out-played such as the now very influential Johannesburg Securities Exchange in South Africa and the Botswana Stock Exchange, where local financial counter, ABC Holdings Limited is listed.
"Market capitalization on the local bourse shed off $32,2 million from $4,22 billion by the end of April, 2011 to close the month of may at $4,19 billion," says the review.
"The largest movers are Hwange Colliery Company, AICO and South African-based Old Mutual Limited."
The Review said equities trade on the ZSE had declined to daily turnovers averaging $600 000 from a daily peak of $1,5 million on account of liquidity challenges and declining investor participation.
"The on-going indigenisation programme has increased uncertainty and adversely affected the confidence of international investors, particularly inn the mining sector. The ZSE recorded a $32 million market turnover in January, $47 million in February and $36 million in March. The market's turnover closed the month of April marginally down at $35 million. After a decline in the first half of May, the Industrial Index and Mining Index sector indices firmed up in the second half."
Post published in: Business