Breaking News

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

by Staff reporter
01 February 2013 | 5631 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
74.66%
No
8.89%
Who cares?
16.44%
596

Comments

Latest Classifieds (Click Here For More)

News Updates

Email:

Latest News

Govt tightens screws on imports - THE government has tightened screws...

by Thupeyo Muleya | 31 October 2014 | 2095 Views

Pastor (33) rapes teen niece - A 33-year-old married pastor form Umguz...

by Staff Reporter | 31 October 2014 | 1452 Views

MDC-T elective congress kicks off - ALL is now set for the Tsvangirai ...

by Staff Reporter | 31 October 2014 | 1400 Views

Mugabe's address to War Veterans - Fulltext (Shona) - President Mugab...

by Staff Reporter | 30 October 2014 | 2540 Views

TB Joshua Church Collapse Inquest Day 5: Counsel Picks Holes in Witnes...

by Nosa Osazuwa - freelance journalist | 30 October 2014 | 1025 Views

Mugabe bans 'Pasi Negamatox', 'Pasi Ne Zvipfukuto' slogans - The Zanu-...

by Staff reporter | 30 October 2014 | 3012 Views

Zanu-PF Politburo names Mujuru & Mnangagwa as factional leaders - The...

by Staff reporter | 30 October 2014 | 3395 Views

Mugabe mourns Sata - resident Robert Mugabe has sent a message of cond...

by Staff reporter | 30 October 2014 | 1122 Views

EU lifts economic sanctions on Zimbabwe but Mugabe remains under sanct...

by Staff reporter | 30 October 2014 | 3312 Views

Zanu-PF Masvingo fires leadership - Masvingo Zanu-PF provincial member...

by Staff reporter | 30 October 2014 | 3903 Views

'No one scrambled for bail money' - MDC

by Nhlanhla Dube National MDC Spokesperson | 30 October 2014 | 2500 Views

President Mugabe blasts those who were against Dr Amai's rallies - PRE...

by Staff Reporter | 30 October 2014 | 6577 Views

War collaborators denounce Jabulani Sibanda - Video

by Staff reporter | 30 October 2014 | 3186 Views

Mutasa booed by war vets, Mugabe says 'you started it' - Zanu-PF Secr...

by Staff Reporter | 30 October 2014 | 6597 Views

'Tisu takanogwadama kukumbira Mai Mugabe,' says Mahofa - Video - Zan...

by Staff Reporter | 30 October 2014 | 2868 Views

SA Police to investigate Zim torture claims

by Staff Reporter | 30 October 2014 | 2949 Views

Fallacy of internal Zanu-PF Revolt - The figments of private press's i...

by Caitlin Kamba | 30 October 2014 | 2609 Views

Grace must give details on Mujuru's corrupt acts

by Zanda Shumba | 30 October 2014 | 3801 Views

A letter to Amai Mujuru and Amai Mugabe - Zimbabwe is a great country ...

by Vince Musewe | 30 October 2014 | 3187 Views

'Jonathan Moyo after my bacon' - Jealousy Mawarire, the journalist who...

by Staff reporter | 30 October 2014 | 2831 Views

Solomon Mujuru haunted in grave - As the Zanu-PF politburo meets today...

by Staff reporter | 30 October 2014 | 2898 Views

CBD accident in pictures - This picture collage shows the wrecks of t...

by Munyaradzi Chamalimba | 30 October 2014 | 5456 Views

Zanu-PF decisive Politburo - Live updates

by Staff reporter | 30 October 2014 | 14147 Views

'Insolvent' Matonga fails to pay debts, property attached - FORMER Dep...

by Court Reporter | 30 October 2014 | 3735 Views

Drama as goblin pays family a visit in broad day light - BULAWAYO - A ...

by Staff Reporter | 30 October 2014 | 5271 Views

SK Moyo's ties with Mujuru cost him VP post

by Staff Reporter | 30 October 2014 | 5841 Views

Police struggle to pay former cop's $64 000

by Court reporter | 30 October 2014 | 2586 Views

Entertainment

Oliver Mtukudzi to get 'real' PhD - ICONIC musician Oliver Mtukudzi is...

by Staff reporte | 30 October 2014 | 2370 Views

Zimbabwe's JJ survives Big Brother Africa eviction... again - Zimbabw...

by Staff reporter | 27 October 2014 | 1989 Views

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

by Staff reporter | 23 October 2014 | 1544 Views

LadyBee Anondida - Official video

by Staff Reporter | 23 October 2014 | 3982 Views

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

by Staff reporter | 20 October 2014 | 3445 Views

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

by Staff reporter | 20 October 2014 | 6475 Views

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

by Staff reporter | 19 October 2014 | 2105 Views

Gezha maoko - Ladybee (Official Video)

by Staff Reporter | 19 October 2014 | 4083 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

Positions To Make Female Orgasm Easier During Intercourse

some women are fortunate enough to be able to climax easily, and in almost any sexual position. the majority of women though, sometimes find it difficult to orgasm especially when they are with a partner. sometimes this difficulty is just a result ... Read More
adoniadennis 12 May 2014 ago