Tuesday 29 December 2015

Goodbye 2015

It was a long, difficulty year for most Zimbabweans, this 2015. And it's now coming to an end.

Definitely, the Zimbabwe Stock Exchange (ZSE) had its worst year since dollarisation, probably its worst year ever. The market experienced numerous challenges not least the bearish sentiment which saw market capitalisation fall to just over $3 billion with the mainstream industrial index down from 162.79 on 31 December 2014 to 114.17 on 29 December 2015. Considering that the previous year the ZSE had lost 19.46%, its clear the equities market has not brought much joy to investors over the past 24 months.