‘Stock market volatility to persist in 2nd quarter’

VOLATILITY on the Zimbabwe Stock Exchange (ZSE) is likely to persist during the second quarter of year, as investors are expected to keep taking positions in equities as “a currency hedge”, a research firm has said.
Over the past few years, the stock market has experienced wild swings on the back of a currency crisis that has seen the country’s inflation rise to as high as 700 percent.
In their portfolio manager’s digest for the first quarter, Old Mutual Securities (Omsec) said share prices are expected to continue to rise in nominal terms, but will likely remain subdued in real terms.