Advertisements
Home » OM excites foreign buyers

OM excites foreign buyers

0 comments

OREIGN investors were net buyers on the Zimbabwe Stock Exchange (ZSE) in March, purchasing shares worth of $9,2 million, with particular interest in financial service firm, Old Mutual Zimbabwe (Old Mutual).
According to ZSE figures, foreign purchases accounted for $24,8 million worth of shares while sales amounted to $34 million during the month under review.
Of the $24,8 million shares bought, Old Mutual accounted for $9,5 million.
The other counters to record positive net buying were First Capital Bank (FCB) at $96 899, Rainbow Tourism Group at $5 399, Truworths at $3 203, Edgars at $1 021 and StarAfrica at $286.
Old Mutual’s return to the ZSE in June last year after the parent company completed a restructuring process, which ended its 19-year stint on the London Stock Exchange, is still attracting interest from foreigners.

Advertisements

Old Mutual recorded a 36 percent increase in profit to $329,8 million in the financial year to December 31, 2018 driven by growth in revenue.

Subscribe to The Financial Gazette

This is premium content. Subscribe to read article.

Subscribe Today

Gain access to all articles. Subscribe Today.
Advertisements

Leave a Comment

Advertisements

The Financial Gazette It is southern Africa’s leading business and political newspaper well known for its in-depth and authoritative reportage anchored on providing timely, accurate, fair and balanced news.

Newsletters

Subscribe to The Financial Gazette newsletter for financial & business news worth reading. Let's stay updated!

©2024 The Financial Gazette. A Media Company – All Right Reserved. Designed and Developed by Innovura
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More