ZSE loses $1.1 billion

The Zimbabwe Stock Exchange has shed $1.1 billion between July 2015 and July 2016 as foreign investor skepticism saw the local bourse register large divestments, the Reserve Bank of Zimbabwe has said.

As a result of the divestments, the central bank pointed out that net foreign capital outflows had risen from $4.5 million as at June 2016 to $5.2 million at the end of July as the market remained bearish.

RBZ also pointed out that market turnover had registered a 34.44 percent slump from $18 million in June 2016 to $11.8 million in July 2016.