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VFEX, ZSE gains mask liquidity risks

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THE local equities markets have posted strong year-to-date gains supported by improved macroeconomic condi­tions and renewed investor inter­est. According to FBC Securities’ August monthly market report, both the Zimbabwe Stock Ex­change (ZSE) and Victoria Falls Stock Exchange (VFEX) re­mained bullish despite thin liquid­ity and concentration of trading activity in a few counters. The VFEX All…

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