THE Zimbabwe Stock Exchange (ZSE) gained 4,53 percent in March compared to advances of 19 percent and 37 percent in February and January, as the market appeared to drift towards “normalcy”.
The gains seen earlier in the year were odd coming against a backdrop of a stable currency, with previous bull runs having been fuelled by inflation.
Movement in March, however, reflected the stability seen in the country over the past six months, with the ZWL$ holding in the 80s against the greenback after a freefall during the first half of 2020.
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ZSE chief executive, Justin Bgoni
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