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It is the largest by trades, having more than 4 times the deal flow of its nearest competitor Zambia, and at $477 mln in trading value, is 3 times that of Botswana’s $147 mln. "The ZSE has as many companies as all other 3 markets added together. However, where we fall down is on market cap. At $4 bln, we are capitalised the same as Botswana, which has a third of the number of companies that we do," he noted.
 With the addition of Botswana the CASE now profiles over 130 companies in central southern Africa.
 
The handbook covers the most recent financial results, the share price performance and volumes traded in 2011. It also takes a look at prospects in the year ahead. The handbook lists stockbrokers and custodial services in the 4 markets and is intended to inform rather than advise potential investors of company prospects.
 
Mushayavanhu said FBC earnings performance was not reflected in its share price, although their dividend yield is one of the highest in the Zimbabwe market.
 
The market he said should be benefiting from the turmoil in global markets because African bourses are considered attractive as they are buffered to some extent from the meltdown in the Eurozone.
 
Mushayavanhu noted the FBC share price advanced 85.7% in 2011 and put in the 11th best performance on the ZSE – without a share buyback.
 
"We were one of only 28 shares (out of 76) to record a gain. In the current year, we are down a mere 6% in the year to date, but we are still up 22% year on year. We are in 13th position when it comes to year on year gains, and one of only 19 shares showing a rise from a year earlier," he added.