Zimbabwe Stock Exchange grows by 25 percent in October


Dawn and Afdis advanced 12.07 percent and 11.76 percent to settle 2.6 cents and 190 cents respectively.

FBC and Star Africa picked up 9.09 percent and 8.23 percent to settle 24 cents and 2.5 cents respectively.

Additionally, CFI and Dairibord added 6.72 percent and 6.06 percent to settle 71.5 cents and 17.5 cents respectively.

TSL gained 5.67 percent to settle 37.35 cents.

Losses were recorded by Simbisa and Innscor who eased 6.43 percent and 7.78 percent to settle at 65.5 cents and 166 cents respectively.

Padenga and OK Zim also lost 13.14 percent and 16.5 percent to settle at 78.17 cents and 25.05 cents.

Axia and Turnall shed 21.33 percent and 15.71 percent to settle at 25.97 cents and 1.18 cents respectively while Ariston and Africa Sun eased 11.11 percent and 8.89 percent to settle at 2.4 cents and 4.1 cents respectively .

CBZ and RTG eased 7.23 percent and 7 percent to settle at 23.1cents and 0.93 cents respectively.

Willdale and Bindura eased 5.06 percent and 4.4 percent to settle at 0.75 cents and 4.78 cents respectively.

Mashonaland also eased 0.57 percent to settle at 3.5 cents.

The 8 percent surge in the resource index was largely on the back of Riozim which gained 15 percent to close at 115 cents, offsetting the loss recorded by Bindura which lost 4.4 percent to settle at 4.78 cents.

 Falcon also slightly gained 0.5 percent to close at 2.01 cents while Hwange remained unchanged at 3.74 cents. Foreigners were net sellers in the month, disposing of shares worth $82.2 million and buying shares worth $50.8 million.- The Source


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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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