Business / Economy
Zimbabwe Stock Market Comment – 24 August 2011
25 Aug 2011 at 07:13hrs | Views
Turnover dwindled to a mere $369,790 in today's trading session and consequently there were no significant volumes to take note of. In light trade the Industrial Index erased the previous day's gains of 0.31% losing 0.52% this morning with CBZ and Hippo exhibiting weakness.
The Mining Index traded flat with trade in Hwange only among the counters in this category. While stocks on the ZSE have not retraced markedly in line with global markets it seems as though liquidity has fallen considerably in response to decreased foreign participation. We strongly urge investors to be on the look-out for any bargains that may emerge in this market cycle.
Source - Imara Stockbrokers
