Breaking News

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

by Staff reporter
01 February 2013 | 4734 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

Comments

Latest News

Victoria Falls to house arts unversity - Government is planning to se...

by Thobekile Zhou | 04 May 2016 | 477 Views

Zimbabwe parliament building risked explosion - Speaker Mudenda - Parl...

by Thobekile Zhou | 04 May 2016 | 991 Views

West Hands Off Zimbabwe's Internal Affairs - Diplomat William M. Bella...

by Sparkleford Masiyambiri | 04 May 2016 | 708 Views

ZimPF has nothing to offer to Zimbabweans - Little known Zimbabwe Peop...

by Peacemaker Zano | 04 May 2016 | 499 Views

ZANU PF has not failed workers - It is a fascinating paradox to say th...

by Stewart Murewa | 04 May 2016 | 476 Views

Govt struggle to kick-start school feeding project - The much talked a...

by Thobekile Zhou | 04 May 2016 | 437 Views

'Hostile lynch mob' bays for Bulawayo Mayor's blood

by Thobekile Zhou | 04 May 2016 | 756 Views

BCC officials embark on investment and twinning trip to China - Five t...

by Thobekile Zhou | 04 May 2016 | 421 Views

BCC deny War Vets ministry land - Bulawayo City Council has declined t...

by Thobekile Zhou | 04 May 2016 | 569 Views

Zimbabwe enforces usage of South African Rand - The Reserve Bank of Zi...

by Staff reporter | 04 May 2016 | 2458 Views

'Mnangagwa is unelectable' - The boycott by workers of the government-...

by Staff reporter | 04 May 2016 | 1220 Views

MDC-T sends confusing signals, upholds poll boycott stance - Morgan Ts...

by Staff reporter | 04 May 2016 | 652 Views

Demo against national pledge banned - Police here banned the first ant...

by Staff reporter | 04 May 2016 | 805 Views

Mnangagwa's wife lands top Pan African Parly post - Chirumhanzu-Zibagw...

by Staff reporter | 04 May 2016 | 902 Views

Rueben Barwe's wife dies - The Zimbabwe Broadcasting Corporation has p...

by Staff reporter | 04 May 2016 | 2493 Views

Mugabe's ex-teacher dies

by Staff reporter | 04 May 2016 | 1564 Views

RBZ sets withdrawal limits - The Reserve Bank of Zimbabwe has introduc...

by Staff reporter | 04 May 2016 | 1721 Views

Harare councillor dies

by Staff Reporter | 04 May 2016 | 3150 Views

True Christians created to rule

by Khumbulani Maphosa | 04 May 2016 | 1429 Views

Female cop begs colleague to wear condom before being raped - A female...

by Staff rerporter | 04 May 2016 | 10519 Views

Mphoko, Mnangagwa fight over Joshua Nkomo

by Staff reporter | 04 May 2016 | 6528 Views

Watercolor artist to showcase artwork at Zim Achievers

by Tidi Kwidini | 04 May 2016 | 1220 Views

Bosso top striker dragged into match-fixing scandal - HIGHLANDERS top ...

by Sports writer | 04 May 2016 | 3961 Views

Addressing people's anger is the answer, not muzzling the media - As t...

by Tendai Ruben Mbofana | 04 May 2016 | 1342 Views

Obscure multi-currency usage blamed for cash shortages -RBZ - The Rese...

by Staff reporter | 04 May 2016 | 2318 Views

Queen Elizabeth's mother visited disputed top Mugabe's aide farm - COL...

by Itai Mushekwe | 04 May 2016 | 3873 Views

MP Cross calls for alignment of 400 Acts to new constitution - to what...

by Wilbert Mukori | 04 May 2016 | 1056 Views

First Sci-fi novel in Shona relaunched - Muna Hacha Maive Nei? The fir...

by Belontos Books | 04 May 2016 | 879 Views

Entertainment

Dr Rebecca Malope to perform in Birmingham

by Admore Tshuma | 04 May 2016 | 674 Views

Charambas to unleash new gospel videos - Gospel music star Charles Cha...

by Staff reporter | 04 May 2016 | 541 Views

Tupac's mother, Afeni Shakur Davis, dies at 69

by Staff Reporter | 04 May 2016 | 2272 Views

'Ekhweni lami' a classic value for money project

by Vusmann | 03 May 2016 | 1457 Views

Macheso relishes SA tour - "We have performed in South Africa before, ...

by Tawanda Marwizi | 03 May 2016 | 1542 Views

Maita crowned Miss Africa Zimbabwe - Harare beauty, Maita Kainga was c...

by Bongani Ndlovu | 02 May 2016 | 2192 Views
iBlog

What To Look For In Video Converter Software

looking for the best video converter software? you have to compare different video converters before making a purchase.the ability to watch video on different types of devices is a wonderful thing. not so wonderful are the compatibility issues that ... Read More
Sergey 19 June 2015 ago

Tb Joshua Worst Enemy Angelique Tonge Exposed

About two years ago, we came out emphatically about those behind the t.b joshua watch. many were those who thought we were framing innocent people up or on a witch hunt. some events have vindicated us and the cat is out of the bag. it is said that no... Read More
pointblank 01 May 2015 ago