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ZSE chaos: Shares worth only $105 traded

by Thobekile Zhou
26 Jul 2016 at 17:13hrs | Views

Zimbabwe Stock Exchange (ZSE) witnessed one of its worse trading days recording a  daily turnover of just $105 today.

Its the lowest in seven years, reports say.

On Monday, the market had recorded turnover of $14,197.

The new low paints a grim picture of the country's investment climate and calls into question the future of the stock market itself.

Only a handful of shares were traded and in just a single counter.

The lowest ever trade since dollarisation was on February 19, 2009, the first day of US dollar trade, when 3,026 shares worth $30 were traded. Subsequently, the ZSE's lowest volume was the $8,690 worth of stock traded on Christmas Eve last year.

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Source - Byo24News