ZSE mining index slightly recovers

ZSE mining index slightly recovers
Published: 04 July 2014

The Zimbabwe Stock Exchange's mining index has closed the first half of the year on a marginal recovery gaining 19 percentage points in a year.

The resources index which opened the year at 41 points continues on a slow recovery while the industrial index continues to struggle ending the first half of the year in the red.

The country's stock exchange which has been a mirror of the economic situation continues on a sluggish performance as liquidity constraints continue to impact on the bourse.

Most listed firms have recorded subdued performances during the financial year ending 31 March.

For the first half of the year, the industrial index lost 7.2 percent on a year to date basis.

The stock exchange whose market capitalisation has been hovering around $4.5 billion has failed to breach the $5 billion market capitalisation mark.

Market analysts however project a rebound in the performance of the bourse during the second half of the year as government begins to implement macro-economic policies aimed at restoring investor confidence, attracting foreign direct investment and boosting domestic savings. 
- zbc
Tags: ZSE, Minings,


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