Zimbabwe: Demand for Stocks Pushes ZSE Main Index to Double Growth in Q3

2 October 2017

The Zimbabwe Stock Exchange (ZSE) mainstream index grew more than double (113,5 percent) in the third quarter to September, reaching a new high of 418,39 points as demand for equities soared, particularly during September.

The ZSE bullrun intensified in September when the total value of shares on the local bourse (market cap) increased by $5,2 billion in a month to $11,86 billion from $6,66 billion in the previous month. This was driven largely by local institutional investors seeking a real growth component and hedge against inflation that is provided by equities.

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