Zimbabwe Stock Exchange Shares Rally

ABOUT 67 million shares valued at US$6,3 million were traded on the Zimbabwe Stock Exchange on Friday last week, representing a staggering 2 343 percent recovery in sales.

The increase in the value of shares traded on the ZSE last Friday represented a 781 percent increase compared to Thursday. However, the recovery in both volumes and value of shares could not stop the main industrial index sliding southward. The main index was 0,6 percent weaker on Friday at 211,2 points after losses in Barclays, which fell 20 percent to US4,5c as Old Mutual shed 7 percent to US214c, Delta slid 2,1 percent to US140c, Meikles softened 1,6 percent to US31,5c and CBZ shed 0,7 percent to US13,5c.

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