Zimbabwe Stock Exchange loses $400 million

The Zimbabwe Stock Exchange market capitalization contracted by 14 percent to $2.6 billion in the three months to March 2016 from $3.1 billion in December last year.

Latest figures show that the equities market traded lower in the first quarter of 2016, with the main industrials losing 15.02 percent to 97.61 points, with the mining index worse off, down by 178.66 percent.

Market experts have asserted that alleged policy inconsistences have resulted in investors and companies cutting back on spending on new projects and employment.