Business News 

Stock prices self correct, ZSE

The Zimbabwe Stock Exchange (ZSE) all share index lost 3,6 percent during the just ended month to close at 88,03 points as stock prices continue to self correct.

Stock market prices rose sharply from last November but are now slowly beginning to match the current economic fundamentals.

The trend has seen a steady rate of dealings as the panic mode and uncertainty within the market is also slowly shifting out.

As of last month, the top 10 index dropped by 3,01 percent to 87,07 points on losses by blue chip counters, according to ZSE data released to the ZBC News today.

Market turnover dropped by 3,01 percent to closed at $8,79 billion, while monthly turnover on the market increased by 126 percent to $80,2 million.

138,14 million shares exchanged hands on the market, reflecting a 174,9 percent growth.

ZSE Corporate Announcements

– Revenue $ 99 268 483
– Profit before interest and tax $ 11 899 184
– Profit before tax $ 11 146 665
– Profit for the period from continuing and discontinued operations $ 7 920 222
– Dividend per share 0.45 US cents
– Total comprehensive income for the period $ 7 990 376
– Basic earnings per share – continuing operations 1.46 US cents
– Headline earnings per share – continuing operations 1.47 US cents
– Diluted headline earnings per share – continuing operations 1.46 US cents

Source: ZBC

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