Stable ZiG calms jittery Zimbabwe Stock Exchange…as investors revert to market fundamentals

The ZSE, which trades in the local currency, is facing limited liquidity, further impacting equitable trading across the market. Stocks with better liquidity, such as Econet and Delta, have dominated trading activities.

THE sustained local currency stability on the official and parallel money markets for the greater part of this year has ‘calmed’ the previously frenzied speculative trading on the Zimbabwe Stock Exchange (ZSE) as investors place renewed focus on market fundamentals.Since the government embarked on currency reforms in 2018, activity on the ZSE has widely been…

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