More ZSE companies continue to beat inflation

The number of listed companies whose prices beat annual inflation increased from 60 in July to 67 in August with only 13 performing below inflation. But only two companies performed below inflation if one takes the increase in inflation from January.

Falgold continued to occupy top spot with its price soaring by 6718 percent since the beginning of the year. Three other companies moved out of the top five with only Border remaining. It moved from number four to three with a price increase of 3 618 percent.

In second spot was newcomer, pharmaceutical company CAPS, which has just been turned around. Its share had risen by 4094 percent since the beginning of the year. The fourth place went to Bulawayo-based Radar while sugar company ZSR took fifth spot.

Out of the top five were Wankie, Rio Tinto and Clan. Barbican continued to anchor the bottom performers though its performance improved from 69 to 150 percent. PPC which was number four moved to second spot. Its price only moved from 150 to 183 percent.

Finhold and Old Mutual moved out of the group but Barclays remained, though it moved down from number five to number 3. In fourth place was Zimnat with Pelhams in fifth place.

The industrial index had improved by 624 percent since the beginning of the year while the mining index shot up by 2154 percent. The mining index was positive even in US dollar terms improving by 50 percent while the industrial index was still down by 52 percent.

Though inflation rose to nearly 400 percent, it had risen by 201percent since the beginning of the year, which left Barbican and PPC as the only companies whose prices had not beaten the increase in inflation since the beginning of the year.

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