Zimbabwe's capital inflows slackened through the year as investors took a cautious stance due to increased pressure on foreign companies to comply with the country's indigenisation laws, said Interfin Securities (Interfin) said.
In its stock market report for October 2011, Interfin said said mining shares retreated 54, 6 percent and 58, 4 percent of their year to date and all time peaks respectively.
It said a decline in net foreign purchases saw overall market capitalization decreasing $0, 48 billion or 11 percent to close at $3, 6 billion in October.
“What is also telling is that monthly value traded has declined sharply over the last four months from the peak of more than $50 million in July 2011 to less than $30 million in October.”
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