Zimbabwe Stock Exchange loses more than $5 billion in 5 days due to military coup

The Zimbabwe Stock Exchange (ZSE) lost more than $5 billion in 5 days owing to the country’s  political uncertainty.

Both the industrial index and mining index lost 10,36 percent and 3,41 percent on Tuesday to close at 347,25 points and 129,82 points respectively. The mainstream index has so far dropped 35 percent since Wednesday when the military announced they had taken control.

Market capitalisation stood at $9,9 billion on Tuesday while $2,6 million was recorded in market turnover. The largest company by market cap , Delta lost 19,87 percent in the day to trade at 131,4 cents. Axia and Barclays dropped 19,8 percent and 19,71 percent to settle at 20,05 cents and 5,62 cents respectively. Lafarge also lost 19,37 percent to trade 144 cents. Fidelity and Meikles lost 15,38 percent and 15,21 percent to 11 cents and 28,83 cents respectively while Turnall and Zim papers lost 15,25 percent and 15,38 percent to close at 1 cent and 1,1 cents respectively.

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The Zimbabwe Stock Exchange Limited (ZSE) is a securities exchange regulated in terms of the Securities and Exchange Act (24:25) to provide for the listing and trading of securities. Securities are defined in the Securities and Exchange Act (24:25) to include shares, debt securities, depository... Read More About Zimbabwe Stock Exchange

The Republic of Zimbabwe is a country located in the Southern Africa region. Its capital city is [[::Harare]] and the country has 10 provinces. Zimbabwe is 390,580 sq km and is bordered on all sides by other countries (Zambia in the north, South Africa in... Read More About Zimbabwe

Delta Corporation Limited is a Zimbabwe Stock Exchange listed integrated beverage company with a diverse portfolio of local and international brands in lager beer, traditional beer, Coca-Cola franchised sparkling and alternative non-alcoholic beverages. It has investments in associate companies whose activities are in cordials and... Read More About Delta

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