FBC Securities urges caution in Zimbabwe stock selection
By the AFREEQUE newsroom, based on Financial Gazette (Zimbabwe)
Illustrative image · RDNE Stock project · Pexels · Licence PexelsFBC Securities recommends that Zimbabwean investors favour shares in companies generating cash and able to withstand an expected economic slowdown next year. The firm is urging caution despite a 13% rise in Zimbabwe’s All Share Index in the third quarter, the Financial Gazette reports.
Brokerage firm FBC Securities has advised Zimbabwean investors to select with caution shares in companies able to generate cash and maintain their operations despite an economic slowdown expected next year. The warning comes as the Zimbabwe Stock Exchange All Share Index rose by 13%, according to the Financial Gazette.
FBC Securities recommends not indiscriminately following the market’s overall rise and instead favouring companies whose results can withstand the anticipated deterioration in the economy, the Zimbabwean financial newspaper reports.
