Paul Nyakazeya, Group Digital Editor 
FOREIGN investors were net sellers of $38,4 million worth of shares on the Zimbabwe Stock Exchange (ZSE) in March, latest figures show.
According to the local bourse, foreign purchases accounted for $34,1 million worth of shares during the month under review while sales amounted to $72,4 million.
Foreign trades accounted for 12,5 percent of the total market turnover during the month under review.
Beverage manufacturer, Delta Corporation (Delta) accounted for the bulk of the selling, leading net sellers with shares worth $27million.
Other counters that dominated net sellers were Simbisa Brands Limited (Simbisa) at $8,4 million and Econet Wireless Zimbabwe Limited (Econet) at $7 million.
In January, Delta reported revenue growth of 27 percent in inflation adjusted terms (646 percent historical)for the third quarter to December 31, 2019 although sales volumes tumbled across most segments.
A combination of shortages of foreign currency to import raw materials, electricity and fuel for distribution saw volumes slump.
The third quarter, which falls within the festive season usually records high sales as demand skyrockets in line with the season’s festivities.
But lager beer volumes declined 43 percent and 46 percent for the nine months compared to the same period in the prior year.
Delta said it has had to cut back on lager beer production during the period under review.
“Consumer spending is constrained by low disposable incomes as salary and wage adjustments continue to lag the increases in prices of goods and services,” said Delta in its trading update.
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