adminEnacy Mapakame Business Reporter
Penny and mid-tier stocks are enjoying a fine run, leading year-to-date gains at a time big cap counters are succumbing to selling pressure.
Despite the challenging economic environment, characterised mainly by limited foreign currency, poor electricity supplies and inflationary pressures, stocks in media, hospitality, banking as well as pharmaceuticals and medical supplies have survived the headwinds that have seen the market fall of recent. In other countries, penny stocks are also known as cent stocks or small value stocks whose shares trade at a low value per share while in big markets, they can be less than a dollar while others below US$5.
Peter Tanyanyiwa
Online Reporter