The bourse has, so far this year, registered a total turnover of $167m, according to official statistics.
In July this year, ZSE had projected a 4% drop in turnover to $240 million, compared to $250 million recorded in 2015.
This was attributed to weak economic fundamentals and perceived country risk by foreign investors.
For the month of November, turnover value stood at $23,4m, while turnover volume increased to 233 749 377 shares.
The highest market capitalisation of $3,8 billion was recorded in November 2016 since the beginning of the year, as the demand for equities increased.
Statistics from the local bourse show that since the beginning of the year, the market capitalisation has been ranging between $2,6bn and $3,3bn, although the trend has been on a see-saw.
A local analyst said: “The performance was being driven by local demand. Local fund managers are aggressively looking for stocks, as they shift from cash or near cash asset class to equities.”
In November, the mining index was up at 57,38 points, the highest since the beginning of the year.
The mining index has been ranging between 19 and 33 points from the beginning of the year to October.
“Commodity prices have been trending upwards, which is also positive for the mining counters,” the analyst said.
The industrial index, on the other end, increased to 137,08 points, the highest since the beginning of the year.
Economic challenges such as cash shortages and delays in paying out dividends to shareholders due to cash challenges have haunted the stock market.
This has had a knock-on effect on companies, as they have been failing to procure supplies on time.
- Newsday