Published: 09 May 2014

The Imara Zimbabwe Fund declined 9% in April this year to $19,2 million compared to the previous month after share prices of its leading holdings slumped.

In terms of share price moves over the month, "blue chips" Delta Corporation and Econet Wireless were down 6% and 5% respectively, SeedCo fell by 11%, Barclays declined by 15% and Innscor dropped 20%, the pan-African securities trading corporate finance asset management said in its monthly report.

There were few risers, although Dawn Properties and Ariston Holdings managed 15% and 10% gains respectively.

Imara's top 5 holdings in the ZSE listed companies are Delta which constitute 13.3% of the fund, BAT, 13%, Econet, 8.7%, SeedCo, 8.4% and Innscor, 6.7%.
- herald

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