Business / Economy
ZSE to reach US$16 billion market capitalisation
17 Jun 2013 at 15:34hrs | Views
Market watchers say the Zimbabwe Stock Exchange (ZSE) could reach the US$6 billion mark by year-end as evidenced by the positive performance of the bourse.
The ZSE has recorded a significant rise in share value over the past 30 days, amid signs of renewed confidence.
Although activity has largely been dominated by about 10 high performing counters, the market capitalization, which stood at US$3,8 billion at the beginning of the year, has risen to US$5,6 billion.
Economic analyst, Christopher Mugaga said the local bourse has been grossly undervalued since the transition to the multi-currency system.
Analysts say with the weakening of the South African rand, the ZSE should continue to be a lucrative market for investors.
Beverages manufacturer, DELTA continues to lead the most capitalised counters at US$1,8 billion.
Other positively performing stocks include telecommunications operator ECONET, tobacco processor BAT, INNSCOR and SEEDCO.
The ZSE has recorded a significant rise in share value over the past 30 days, amid signs of renewed confidence.
Although activity has largely been dominated by about 10 high performing counters, the market capitalization, which stood at US$3,8 billion at the beginning of the year, has risen to US$5,6 billion.
Economic analyst, Christopher Mugaga said the local bourse has been grossly undervalued since the transition to the multi-currency system.
Analysts say with the weakening of the South African rand, the ZSE should continue to be a lucrative market for investors.
Beverages manufacturer, DELTA continues to lead the most capitalised counters at US$1,8 billion.
Other positively performing stocks include telecommunications operator ECONET, tobacco processor BAT, INNSCOR and SEEDCO.
Source - zbc
