Zimbabwe Stock Exchange sees 32% drop in trading

The Zimbabwe Stock Exchange saw a 32 percent dip in trading in the first six months of the year, as most heavyweight stocks registered declines in volumes of trading.

Statistics from the stock market show that trades on ZSE amounted to $136,72 million between January and June from $200 million in the same period last year when more people bought and sold shares.

Trading on ZSE has since dollarisation been dominated by foreign investors due to tight liquidity in the domestic economy, as Zimbabwe uses foreign currency, exclusively.

As such, foreign investors bought $73,96 million worth of shares and sold $68,79 million on ZSE between January and June.