The Zimbabwe Stock Exchange this past week closed the week at $43,27 billion after the market jumped a whopping 32.15%, The Chronicle reports. The bullish jump according to the publication is the post-de-dollarisation all-time high.
According to the publication:
The ZSE All Share Index raced past the 300 points mark and closed the week at 332,05 points, its all-time high, after the cumulative gains of 32,15 percent over the week.
The ZSE’s main Industrial Index would not to be out shone after it added 32,62 percent and closed at 1 109,41 points, as it breached the 1 000 points mark for the first time and ended the week up and 44,77 percent firmer.
The biggest gainers were Padenga, Cassava, Simbisa, Delta, Econet while Zimplow, Zimpapers, FBC, First Mutual and OK followed.
Meanwhile, stocks in China plummeted due to the outbreak of the Coronavirus.
More: The Chronicle