ZIMBABWE’S largest quoted company, Delta Corporation, and telecoms heavyweight Econet Wireless dominated trades on the bourse between January and November this year, illustrating investors’ appetite for stocks with strong business models and shareholder support despite poor economic performance, figures obtained by The Source have shown.
The top 10 stocks on the Zimbabwe Stock Exchange (ZSE) account for 85% of the $423 million turnover recorded during the period.
At the other end of the spectrum, penny stock Zeco remains the most unattractive counter on the ZSE after shares worth $169 exchanged hands in only four trades over the same period.
Beverage maker Delta, which accounts for a third of the $4,3 billion market, was the most sought after counter on the ZSE with just over 79 million shares trading for a turnover of nearly $95,9 million.
Econet Wireless was the second most traded counter, with 122,6 million shares worth $83,875 million. — The Source
