THE Zimbabwe Stock Exchange (ZSE) extended its lead over regional markets with gains of 38 percent during the second quarter of 2021, 18 percentage points ahead of the second best — the Ghana Stock Exchange (GSE).
The ZSE gained 148 percent during the first half, compared to the GSE’s returns of 36 percent, and third placed Lusaka Stock Exchange’s 19 percent.
It comes as Zimbabwe’s inflation has remained high, driving demand for “real assets” such as property and stocks.
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After wild swings during the first half of 2020, the ZWL$ has been stable for close to a year on account of the Reserve Bank of Zimbabwe’s monetary targeting framework, and the success of its weekly foreign currency au
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