Breaking News

Zimbabwe Stock Exchange one of the best performing bourses in the world

by Staff reporter
01 February 2013 | 5819 Views
The Zimbabwe Stock Exchange (ZSE) was one of the best performing bourses in the world, at least in the month of January 2013, preliminary figures have shown.

The ZSE's main industrials index has added 20.3% since the beginning of the year, making it one of the best performing bourses.

Foreign investors seem to be behind the ZSE's rally, with South African-based players like Allan Gray, African Alliance and Renaissance Securities broking deals for the foreigners. 

The Nigerian Stock exchange was a distant second, having gained 13.87% year-to-date. South Africa's FTSE/JSE Africa All Share Index has only managed 3.67% year to date.

Most bourses however seem to have started the year on a positive note, with the Nairobi Securities Exchange Ltd All Share Index having gained up 9.11%.

The Mauritius Stock Exchange SEMDEX Index also closed positive, up 4.15% in January. 

On the international scene the FTSE 100 Index had picked up 7.06% by the close of January. The Dow Jones Industrial was also positive up 5.77% year-to-date. 

The Lusaka Stock Exchange All Share Index was however weaker, having lost 1.62% by the end of January.

But it is the performance of the ZSE which has surprised many, given the country's economic situation.

The country's manufacturing sector is on the brink of collapse with capacity utilization plunging to 44.2% in 2012.

In November 2012, Finance Minister Tendai Biti revised the country's gross domestic product growth for 2012 to 4.4% from the 5.6% he set during his mid-term fiscal policy review in June 2012, after the initial 9.4% forecast.

Stocks that have supported the bullish trend include Delta owned by SABMiller, up 25.90% year-to-date.

British American Tobacco is also bullish up 38.89% since the beginning of the year. 

The year's top riser on the ZSE is however little known pharmaceutical manufacturer Medtech up 566%.


ZSE

Source: www.fin24.com

Is Itai Dzamara eyeing the US Green Card?

Yes
18.51%
No
75.58%
Not sure
5.91%
389

Comments

News Updates

Email:

Latest News

Xenophobia victims departure delayed - The first batch of Zimbabweans ...

by Innocent Ruwende | 21 April 2015 | 1119 Views

15 xenophobia victims destined for Zim disappear in Musina - 15 peopl...

by Staff reporter | 21 April 2015 | 2053 Views

SA close consulate in Nigeria following xenophobia protests - Johannes...

by Staff reporter | 21 April 2015 | 1787 Views

South Africa makes billions from Zimbabwe - South Africa could be th...

by Staff reporter | 21 April 2015 | 2081 Views

Bulawayo municipal police ordered not to harass vendors - The Bulaway...

by Staff reporter | 21 April 2015 | 1016 Views

Sunday Chidzambwa admits footballers and coaches use juju - VETERAN c...

by Staff Reporter | 21 April 2015 | 1751 Views

Xenophobia should not be tolerated - The outbreak of anti-immigrant vi...

by Stewart Murewa | 21 April 2015 | 1434 Views

Why does the mantra, 'Mugabe must go' not matter anymore? - Translatin...

by Tsungai Chipato | 21 April 2015 | 2290 Views

Jailed Air Zimbabwe boss appeals sentence - Convicted ex-Air Zimbabwe ...

by Staff reporter | 21 April 2015 | 1633 Views

Zim's SA based footballers scared for their lives - Scores of Zimbab...

by Thobekile Zhou | 21 April 2015 | 3217 Views

NUST students nabbed for maintenance after exam - A National Universi...

by Thobekile Zhou | 21 April 2015 | 2518 Views

Jonathan Moyo hits the ground running

by Ndou Paul | 21 April 2015 | 3562 Views

'Ndanga wanted to be Mujuru's vice president' - Madzibaba Ishamea Mufa...

by Staff reporter | 21 April 2015 | 2129 Views

Tsvangirai is desperately seeking to regain lost mojo - According to M...

by Peacemaker Zano | 21 April 2015 | 1601 Views

Zimbabwean couple killed in Alexander township, South Africa - A Zi...

by Staff reporter | 21 April 2015 | 5599 Views

Zimbabwean job creator employs over 100 in SA - Contrary to the curre...

by Stephen Jackson | 21 April 2015 | 2850 Views

Soccer star dumps Pulane? - Orlando Pirates star midfielder Thandani ...

by Times LIVE | 21 April 2015 | 2275 Views

Matabeles should break away from Zimbabwe - MLO - The Mthwakazi Liber...

by Stephen Jakes | 21 April 2015 | 3594 Views

Botswana court orders Zimbabwean inmate to produce CD4 count proof

by Stephen Jakes | 21 April 2015 | 2004 Views

Madinda Ndlovu attacked by fans, resigns from Township Rollers

by Thobekile Zhou | 21 April 2015 | 5324 Views

Mugabe must be charged for undermining the constitution - The constitu...

by Zanda Shumba | 21 April 2015 | 2113 Views

SA deploys army in crime hotspot - Johannesburg - The army will be sen...

by Staff reporter | 21 April 2015 | 2749 Views

Moyo eyes Bosso move - FORMER Zesco United left-back Zimiseleni Moyo i...

by Sports reporter | 21 April 2015 | 2953 Views

Mugabe defies the odds - President Robert Mugabe's vow to accord civil...

by Caitlin Kamba | 21 April 2015 | 3170 Views

Namibians instigate xenophobic attack on Zimbabweans - Some Namibian a...

by Mandlenkosi Chinula | 21 April 2015 | 7095 Views

EU condemns xenophobia attacks, says no to boycotts - European Union A...

by Mandlenkosi Chinula | 21 April 2015 | 2553 Views

Regiment on xenophobic attacks

by Ibutho leNqama | 21 April 2015 | 2416 Views

Entertainment

DJ Sbu's MoFaya hits Bulawayo - Controversial South African TV and ra...

by Staff reporter | 21 April 2015 | 2826 Views

'Miss World racist,' says Chiwenga - Zimbabwe's representatives at wor...

by Melissa Mpofu | 20 April 2015 | 2233 Views

Zimbabwe music star conducts music workshops in Malawi

by Stephen Jakes | 19 April 2015 | 1788 Views

Freddy Gwala eager to speak Shona

by Thobekile Zhou | 19 April 2015 | 4235 Views

Lady Bee Marukazi (Official video)

by Staff Reporter | 18 April 2015 | 5248 Views

10 Zimbabwean artists pen anti-xenophobia song - 10 local artists hav...

by Staff reporter | 16 April 2015 | 3111 Views
iBlog

Time To Kiss Zimbabwe Goodbye Forever.

By israel dubethings fall apart at zanupf. brother turns against brother, sister betrays sister. the center cannot hold anymore. as the walls of oppression and discrimination collapse, matebeles must make sure that they do not find themselves lost i... Read More
myAfroTube 03 November 2014 ago

Is Pregnancy Putting Your Sexual Life On Pause?

it is often believed that once you become pregnant there is no way that you can have sexual intercourse until that baby is born, which results in placing a strong hold on different couples sex lives. in this article we are going to focus on how yo... Read More
adoniadennis 08 December 2014 ago