AfDB ranks ZSE worst performer in African region

Zimbabwe's stock market was ranked the worst performer in the African region for the month of March 2015 as lack of investor confidence took a toll on trade, the latest African Development Bank (AfDB) monthly report on Zimbabwe shows.

The Zimbabwe Stock Exchange (ZSE) was the worst performer as the industrial and mining indices lost -5,43 % and -19,51 % respectively, followed by the Mauritius All Share Index which also shed -1,99 %, according to the AfDB.

Zimbabwe's poor performance comes as foreign investor participation on the bourse declined with both turnover value and volume of shares bought and sold by foreigners declining in March 2015 compared to March 2014, signalling low confidence on the market.