ZSE second worst performer in the region



The Zimbabwe Stock Exchange (ZSE) was the second worst performer in the region shedding off 13,25 percent since beginning of the year on subdued trading. On a year on year basis, the mainstream industrial index has lost 30,99 percent of its share value, sitting at the bottom of the regional log, according to African Financials, which has cost investors an estimated $900 million. Leading the regional fallers is the Lusaka Stock Exchange All Share Index (LUSE) which dropped 17 percent on a year to date basis. Shares in Malawi, Kenya and Uganda reduced by 11,84 percent, 10,98 percent and 5,71 percent respectively while Botswana has lost 5,9 percent of value since beginning of the year as regional economies succumb to the weakening prices of commodities. Mauritius is 3,29 percent weaker YTD while it has lost 10 percent on a year on year basis. – Herald



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