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.
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.
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