Zimbabwean stocks US$ returns surge to 138% (YTD) in Q3 2021

Published On: November 1, 2021By Tags: Southern-Africa

South Central Africa’s companies are the smallest in sub-Saharan Africa (excluding South Africa) with the largest company ranking number 34 of the Top 30 companies.

Zimbabwean stocks’ US$ returns surged from 92.2% in Q2 2021 to 138.8% in Q3 2021 reflecting dramatic price rises in the past year. 

Big Cap stocks in South Central Africa are less profitable compared to West Africa and East Africa whose Big Cap companies have weighted average ROE’s of 57% and 37% respectively. 

3 of the 5 countries represented in the report had positive US$ returns (YTD):