Paul Nyakazeya, Group Digital Editor 
MANUFACTURING and non-food retail stocks listed on the Zimbabwe Stock Exchange (ZSE)are likely to face major knocks in demand as confidence in the counters wanes, a new report has revealed.
In an analysis of the impact of Covid-19 on investor confidence on local stocks, Side Waos, a research consultancy, said while the pandemic had shaken the stock market, it was manufacturing and non-food counters that would be affected the most as appetite on the counters will decline.
“We anticipate that manufacturing and certain non-food retail stocks are likely to face major knocks on demand in the immediate and short-term and are less likely to be favoured by investors.
“Investor confidence on local stocks is likely to be different across sectors due to the selective impact covid-19 will have on different economic sectors,” said Side Waos.
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.
