Foreign participation increases on ZSE

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FOREIGN investors’ participation on the Zimbabwe Stock Exchange (ZSE) totalled $1,82 billion in May, compared to $1,69 billion in April, an equities firm has said.
In its market review for May, Akribos Research Service (Akribos) said total foreign trades constituted 21,1 percent of the total market turnover for the period which was sitting at $8,61 billion after foreigners traded 9,6 million shares on the local bourse.

“Overly, foreign investors were net sellers as they were also exiting the market. Net selling activities increased by more than 40 percent and Econet and Delta were the most disposed counters with net selling positions of $834,18 million and $473,42 million, respectively. Some of the most targeted stocks included Meikles, African Sun, and Edgars,” said Akribos.