Market concentration hangs heavy on ZSE. . . as foreigners sell ZiG535m shares

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.

TRADING on the Zimbabwe Stock Exchange (ZSE) remains concentrated among a few blue-chip counters, exposing the market to structural risks as investors tread cautiously amid market uncertainties.This comes as the country’s primary bourse faces an unpredictable outlook marked by the recent spate of de-listings, the inability to attract new listings, and erosion of stocks’ price…

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