Barbican drops out of the worst performers

Barbican Holdings, which anchored the worst performers on the Zimbabwe Stock Exchange for the first nine months of this year, has dropped out of the worst five. Its share price had surged by 244 percent, still below inflation, by 3 December.

The bottom spot had been taken over by newly listed Dawn Properties whose price was down 38 percent with another newly listed company First Mutual taking second spot with a price increase of 48 percent.

Barclays remained among the worst performers at number three with an increase of 86 percent followed by Powerspeed Electrical with 100 percent and Zimnat with 111 percent.

Falcon Gold regained top spot as the best performer with a price surge of 6036 percent followed by Rio Tinto at 5090 percent. Border Timbers was in third spot with 4259 percent followed by Bindura with 4 100percent.ZSR was in fifth spot with a price increase of 3435 percent.

The key industrial index moved up slightly from 616 244 at the end of October to 658 338. It had surged by 536 percent, way below the inflation for November which stood at nearly 620 percent.

The mining index had risen by 2892 percent. It had improved by 100 percent in US dollar terms while the industrial index had declined by 58 percent in US dollar terms.

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