4,6 billion shares change hands on ZSE

Data from the ZSE shows that more shares were traded in 2010 compared to 2011 but their value was higher in 2011 than in the preceding year.
This was characterised by loss in value but trades were spurred by numerous special bargains, executed at phenomenal premiums.
Some special bargain deals recorded premiums of up to 38 percent, something that did not happen in 2010.
On the last day of trading last year, 6,4 million Pearl Properties shares valued at US$211 000 changed hands in a special bargain deal. The deal was carried at US3,3c.
Towards the close of the year, special bargains became the buzzword with deals being carried out three times a week on average.
The entire year was hit by serious liquidity shortages coupled with negative perception of the empowerment laws. This resulted in both indices plunging into negative territory and prices falling to their 52-week lows.
The local bourse also succumbed to global market financial problems, which resulted in investors withdrawing their investments from where they were considered risky markets.
On dollarisation, the ZSE seemed fairly immune to the crisis on the global market due to the limited involvement of global players in the local market.
However, the lure of the dollar-denominated
l To Page B2Bright Madera
Senior Business Reporter
ABOUT 4,6 billion shares worth US$477 million changed hands on the Zimbabwe Stock Exchange last year, a 31,3 percent drop from the previous year.
In 2010 about 6,7 billion shares valued at US$391 million traded in the year.
Data from the ZSE shows that more shares were traded in 2010 compared to 2011 but their value was higher in 2011 than in the preceding year.
This was characterised by loss in value but trades were spurred by numerous special bargains, executed at phenomenal premiums.
Some special bargain deals recorded premiums of up to 38 percent, something that did not happen in 2010.
On the last day of trading last year, 6,4 million Pearl Properties shares valued at US$211 000 changed hands in a special bargain deal. The deal was carried at US3,3c.
Towards the close of the year, special bargains became the buzzword with deals being carried out three times a week on average.
The entire year was hit by serious liquidity shortages coupled with negative perception of the empowerment laws. This resulted in both indices plunging into negative territory and prices falling to their 52-week lows.
The local bourse also succumbed to global market financial problems, which resulted in investors withdrawing their investments from where they were considered risky markets.
On dollarisation, the ZSE seemed fairly immune to the crisis on the global market due to the limited involvement of global players in the local market.
However, the lure of the dollar-denominated
l To Page B2