Zimbabwe Stock Exchange Hits 7 Year Low As Economy Implodes
THE Zimbabwe Stock Exchange (ZSE) on Tuesday plunged to its lowest levels since April 2009 after the benchmark industrial index closed at 95,08 mirroring the country's floundering economy.
1M | 3M | YTD | 1Y | 2Y |
+28.31% | -99.99% | -99.94% | -99.93% | -99.39% |
Value Traded (ZiG) 9,398,401.73 |
Volume 1,987,401 |
Transactions 145 |
Market Cap. (Millions ZiG) 39,602.11 |
THE Zimbabwe Stock Exchange (ZSE) on Tuesday plunged to its lowest levels since April 2009 after the benchmark industrial index closed at 95,08 mirroring the country's floundering economy.
The Zimbabwe Stock Exchange (ZSE) on Thursday lifted the suspension of CFI Holdings after the company complied with ZSE listing requirement to publish financial results.
Innscor Africa Limited's Axia Corporation will today become the second counter to list on the Zimbabwe Stock Exchange this year. Unbundled from the Innscor Group, Axia Corporation operates in the specialty retail, distribution and logistics sectors through its three operating subsidiaries, Distribution Group Africa (50,01 percent), Innscor Credit retail t/a TV Sales and Home (66,67 percent) and Moregrow Enterprises t/a Transerv, each operating as independent profit centres.
The Zimbabwe Stock Exchange registered growth in the month of April after more than a year in the red, with total market capitalisation closing 7,91% higher month-on-month at US$3,03 billion. This is the first time since February last year the market has risen.