Zimbabwe Stock Exchange market capitalisation increases to $4 million.
The Zimbabwe Stock Exchange (ZSE) market capitalization increased by $200 million in December to $4 billion. The end of year market capitalization is a major improvement, as during the year the market capitalization ranged from $2,6 billion to $3,3 billion.
The rallying of the ZSE in the last 3 months of the year has been attributed to the introduction of bond notes. Some investors who were worried about the potential impact of the bond notes resorted to hedging their wealth in stocks.
An analyst who spoke to Newsday said:
It is more of the macro-economic issues that boosted the performance of the ZSE mainly due to currency issues as most investors were uncertain on the impact of the bond notes and they moved most of their money into equities
More: Newsday
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