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THE Zimbabwe Stock Exchange (ZSE) closed in record daily turnover on Friday as former Barclays head, Bob Diamond, bought a controlling stake in local banking unit BancABC. Diamond, through his investment company Atlas Mara on Friday acquired a beneficial interest of 95.84 percent in BancABC, representing a 58.09 percent direct interest and a 37.75 percent indirect interest through ADC.
A total 46,407,480 shares worth $38,054,133 changed hands on the ZSE, resulting in the daily turnover reaching a record high of $40,125,577.16.
The previous one-day record was achieved on January, 16, 2012 when it reached $21,420,609.49.
The deal comes at a time the ZSE, albeit with subdued volumes, has reached levels last reached in January this year.
By the close of trading on Friday, the ZSE had reached 198.04 points, the highest level since January, 22, 2014 when it closed at 198.98 points. — Fin24
derick.khumalo