Investors ignore risk in favour of value on Zimbabwe\\\'s bourse

JOHANNESBURG, June 6 (Reuters): Zimbabwe's stock market has fallen so far from last year's peak that some investors are stepping back in to scoop up consumer-oriented African growth plays.
A rebound in the southern African country's economy between 2010 and 2012, after a decade-long slump, spurred Zimbabwe's benchmark industrial index to a record high 233.18 points last August. Disappointing economic growth since then in the country, rich in gold, uranium, platinum, diamonds and coal, has deterred investors, until recently.
After hitting a trough in April, the benchmark has rallied 7 per cent in the past six weeks to just above 177 points and foreign investors, who account for about 60 per cent of activity on the Zimbabwe Stock Exchange, bought a net $37 million in shares in January-April, latest exchange data shows.