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

In its first quarter trading update, Zimbabwe Stock Exchange Holdings (ZSEH) said the ZiG exchange rate held steady at around 25,57 per US dollar, enhancing investor confidence and market predictability.

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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