Zimbabwe Stock Exchange goes haywire


Turnall gained 43 percent to settle at 1.43 cents.

Meikles advanced 40.33 percent to trade at 40.71 cents.

ZPI and NMB gained 38.89 percent and 38.25 percent to trade at 2.5 cents and 9 cents respectively.

Dairibord gained 32.4 percent to settle at 16.55 cents.

Axia and FBC advanced 30.87 percent and 24.77 percent to trade at 31.88 cents and 19.9 cents respectively while Zimplow advanced 20.61 percent to settle at 7.96 cents.

Nicoz Diamond gained 20.13 percent to close the week at 3.7 cents while FMI Properties gained 20 percent to settle at 4.8 cents.

Zimre and Mashonaland gained 18.06 percent and 16.98 percent to trade at 1.7 cents and 3.1 cents respectively.

Additionally, TSL and Powerspeed advanced 16.67 percent and 14.29 percent to settle at 35 cents and 8 cents respectively.

On the mining space, Riozim, Bindura and Hwange pushed the resource index higher after gaining 7.53 percent, 18.75 percent and 20 percent to settle at 73 cents, 3.8 cents and 3.12 cents in that order.

Falcon remained unchanged at 2 cents in the week.

Foreigners remained net sellers in the week, disposing of shares worth $12.3 million compared to buys of $5.3 million. – The Source


See also:

Bad news for Zimbabwe-The scary side of the Zimbabwe Stock Exchange bull run


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The Insider

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.


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