Foreign sell-offs decline on ZSE

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Russia halt bond sales in 2022.
FOREIGN investors were net sellers of shares worth $55,86 million on the Zimbabwe Stock Exchange (ZSE) in March, compared to net sales of $162,5 million in February, official data shows.

The data provided by the exchange shows that total foreign purchases during the month under review were $124,4 million, while sales came to $180,3 million.
During the month,  significant net sales were recorded in Econet ($60,21 million), Delta ($53,56 million), Hippo ($4,26 million) and Tanganda ($0,24 million).
Foreign trades accounted for 8,93 percent of total turnover on the ZSE for the month.
Foreign investors have been exiting the ZSE spooked by unsettling policies as they take advantage of the allocative efficiency of the forex auction system to move their money out of Zimbabwe.

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