Zimbabwe Stock Exchange free fall continues

The Zimbabwe Stock Exchange market capitalisation declined for the ninth consecutive month, shedding 9,38 percent to $3,66 billion in November, reflecting the chronic challenges besetting virtually all sectors of the domestic economy.

Year to date, the ZSE market capitalisation has lost 31,29 percent, as the weak economic fundamentals have continued to weaken negative sentiment.

The ZSE Industrials Index fell 10,15 percent month on month on weakness in heavyweights Innscor, Delta, Econet and SeedCo.

The Minings Index fell 5,26 percent on the back of 13,33 percent decline in RioZim during November.