Fear of bond notes drives investors to the ZSE

The Zimbabwe Stock Exchange (ZSE) has made massive gains in the month of October, with the mainstream industrial index rising by 22% to 120, 82.  This has been attributed to the fact, that due to the imminent introduction of bond notes, investors are seeking other avenues  to safeguard their wealth.

170 million shares exchanged hands in October, compared to 53 million shares in September.  This is a an increase of a massive 220 percent.  Turnover for October also increased  to $23 million compared to $12 million in September.  Delta contributed $10  million to the monthly turnover and rose by 21%.

 

More: Herald

 

 

 

 

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