Breaking News

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

by Staff reporter
01 February 2013 | 5622 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

Could there be war if Grace Mugabe becomes President?

Yes
74.8%
No
9.02%
Who cares?
16.18%
377

Comments

Latest Classifieds (Click Here For More)

News Updates

Email:

Latest News

'Prioritise quality education,' says Grace Mugabe - The First Lady Dr...

by Staff Reporter | 25 October 2014 | 970 Views

'I am not a sell out,' says Dr Mujuru - Vice President Dr Joice Mujur...

by Staff reporter | 25 October 2014 | 3548 Views

Mugabe's Zanu-PF politburo ignores Grace's demands - Yesterday's much-...

by Staff reporter | 25 October 2014 | 2466 Views

Zesa power outage riles Mugabe - President Robert Mugabe yesterday cam...

by Staff reporter | 25 October 2014 | 1646 Views

My aunt taught me how to have sex, says rapist

by Staff Reporter | 25 October 2014 | 4297 Views

Incompetent cops - WhatsApp update - Please note that Bulawayo24 does...

by Concerned Citizen | 25 October 2014 | 1800 Views

'Amaiguru Gire is working tirelessly hard to destroy Zanu PF' - Please...

by Sando kuna Gire | 25 October 2014 | 5465 Views

Rotary Club of Bulawayo donates to Tjewondo Primary School

by Collin Nyabadza, Executive Director - Collin Nyabadza Children's Voice Charitable Trust | 25 October 2014 | 1095 Views

Dr Joice Mujuru graduation party - Live updates - Vice President Joic...

by Staff reporter | 25 October 2014 | 7761 Views

Politburo ends pre-matually - The Zanu-PF Politburo meeting has ended ...

by Staff reporter | 25 October 2014 | 2670 Views

Mujuru's political life hangs in balance, kept guessing - Vice-Preside...

by Staff reporter | 25 October 2014 | 2674 Views

Zanu-PF Politburo drama fails to materialise - THE Zanu-PF politburo g...

by Staff reporter | 25 October 2014 | 1482 Views

Mugabe convenes parliament - President Robert Mugabe will next week op...

by Staff reporter | 25 October 2014 | 1307 Views

Tsvangirai broke, failing to maintain government mansion - MDC-T leade...

by Staff reporter | 25 October 2014 | 1382 Views

Bosso ranked higher than English Premier sides QPR, Pompey - BULAWAYO ...

by Sikhumbuzo Moyo | 25 October 2014 | 2262 Views

Adulterous man sued for maintenance - A BULAWAYO magistrate has grante...

by Lethokuhle Moyo | 25 October 2014 | 1276 Views

Cop gets a thorough hiding, left with swollen face - A policeman was ...

by Plaxcedes Hove | 25 October 2014 | 1701 Views

Teacher suspended over sex with Grade 6 pupil - THE teacher from Roman...

by Sukulwenkosi Dube | 25 October 2014 | 1858 Views

Man brutally axed to death, body dumped on railway line

by Bongani Ndlovu | 25 October 2014 | 2413 Views

R50 abortion specialist nabbed

by Staff Reporter | 25 October 2014 | 1614 Views

Macheso granted provisional order against abusive hubby

by Staff Reporter | 25 October 2014 | 3478 Views

Mugabe okays Mliswa ouster

by Farirai Machivenyika | 25 October 2014 | 5057 Views

War vets to stage anti-Kaukonde protest

by Staff Reporter | 25 October 2014 | 3640 Views

Jabulani Sibanda urged to resign over 'sharp shooter' Grace Mugabe

by Staff Reporter | 25 October 2014 | 5378 Views

'Zanu-PF is much bigger than personal ambitions and vendetta' - The cu...

by Kennedy M. Mandaza, ZANU PF SA Secretary for Information and Publicity | 25 October 2014 | 3206 Views

Zanu-PF official embroiled in sex scandal, including raping girl (9) -...

by Staff Reporter | 24 October 2014 | 5893 Views

No meaningful devolution without fiscal autonomy - The ZAPU devolution...

by Themba Mthethwa | 24 October 2014 | 1975 Views

Open letter to Grace Mugabe - I AM sure you don't know me at all, bei...

by GP Ndlovu | 24 October 2014 | 9640 Views

Entertainment

Carl Joshua Ncube to star in game show - Comedian Carl Joshua Ncube wi...

by Staff reporter | 23 October 2014 | 1021 Views

LadyBee Anondida - Official video

by Staff Reporter | 23 October 2014 | 2291 Views

Zim representative in the Big Brother Africa survives eviction - Zimba...

by Staff reporter | 20 October 2014 | 2896 Views

Grace Mugabe's political comedy takes ZTV hostage - For the past two w...

by Staff reporter | 20 October 2014 | 5348 Views

Oliver Mtukudzi to deliver lecture at Musica 2014 - Zimbabwe's interna...

by Staff reporter | 19 October 2014 | 1609 Views

Gezha maoko - Ladybee (Official Video)

by Staff Reporter | 19 October 2014 | 2942 Views

Matebeleland Music & Arts Festival - Sivala umnyaka ngengoma lapho sit...

by Staff Reporter | 17 October 2014 | 1850 Views

Obediah Matulana releases Christmas DVD - Bulawayo-based musician Obed...

by Staff reporter | 16 October 2014 | 2150 Views
iBlog

The Nsa Gets An Ok For Telephony Metadata Collection Yet Again

As much as we’d like to forget about the national security agency (nsa) and its mass surveillance program, it seems that there is no distracting ourselves from this unnerving reality.missing from the news for quite some time now, the issue has resu... Read More
SecNews 09 July 2014 ago

Obviously, Windows Xp Has Nothing More To Offer

With no support from the manufacturer, windows xp no longer receives antivirus updates, which provoked an increase in the number of attacks on xp users. according to avast company, windows xp systems are attacked 6 times more often than the devices r... Read More
Sergey 12 June 2014 ago