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No Big Deal to Gono Reserve Bank of Zimbabwe Appointment: Financial Markets.
(From Zimbabwe Standard - AAGM)
Byline: Rangarirai Mberi
SHARES stumbled into a fourth day of uninspired trade early Thursday as financial markets gave muted reaction to the appointment of banker, Gideon Gono as new Reserve Bank governor.
Brokers reported volumes remained thin across the board as investors, already keeping well off firm positions on the market, sought clues as to Gono's possible views on key policy issues, particularly interest rates.
"Demand has been low. It looks like we will end in the red today. The news (about the appointment) will certainly keep investors wary of taking new positions in the near term," a broker said …
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