Foreign selloffs continue on ZSE

FOREIGN investors were net sellers of shares worth $162 million on the Zimbabwe Stock Exchange (ZSE) in February, official data shows.
The data provided by the local bourse shows that total foreign purchases during the month were $659 million, while sales came to $821 million.
Significant net sales were recorded in Tanganda 172,81 million, Hippo Valley $157,42 million, Econet Wireless $95,08 million, OK Zimbabwe $94,34 million and British American Tobacco $4,7 million.

Foreign investors have been exiting the ZSE, spooked by unsettling policies as they take advantage of the allocative efficiency of the forex auction system to move their money out of Zi