A total of 383.2 million shares valued at $55.8 million were exchanged on the Harare-based exchange in the month, while market capitalization declined to $3.5 billion from $3.7 billion a month earlier, the bank said in its Monthly Economic Review for Zimbabwe.
The trades showed a “marked improvement in the average price of shares,” the AfDB said.
About 80 companies are listed on the Zimbabwe Stock Exchange. The ZSE didn’t answer calls when Bloomberg sought comment today.
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