Equities market poised for gains

VFEX market capitalisation increased from about US$2,1 bil­lion to US$3,7 billion following the listing of Econet InfraCo.

LOCAL equities should ride on the growth momentum realised last year, driven by sustained macro-economic stability, increased foreign currency adoption and improved sentiment, market analysts have said. While the Zimbabwe Stock Exchange (ZSE) remains susceptible to tight liquidity conditions, the prolonged ZiG stability presents reasonable ground for investors to stake their local currency quoted stocks.…

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