Stocks surge as Zimbabwe burns

Stocks posted a solid gain Monday buoyed by news government intends to re-introduce the US dollars and dump the bond notes.
The key All Share index gained 3.55% to close at 149.01 points as more players return to the market in a session dominated only with gainers. SeedCo International put on $0.25 to end at $2, Econet gained $0.13 to $1.51 with Old Mutual trading $0.12 firmer at $8.29. Innscor also increased by $0.11 to close at $1.81 and CASSAVA Smartech surged $0.0994 to close at $1.43.
ZB Financial Holdings, Nampak and Dawn all traded unchanged at $0.35,$0.30 and $0.0280 respectively. The gain comes against a background of violent clashes between the police and protestors around the city.