THE Zimbabwe Stock Exchange (ZSE) lost about $60 billion in November, with analysts saying investors were taking profits from a rally in October.
The local bourse had gained $338 billion in October to reach a record $1,38 trillion market capitalisation as resurgent inflationary pressures drove demand for equities.
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In November, the market capitalisation dropped to $1,32 trillion after the All Share Index shed 6,96 percent to close at 10 695,57 points.
“In November, the market saw a decline owing to profit-taking and the onset of the festive period,” FBC Securities’ Enock Rukarwa told The Financial Gazette.
He said profit-taking is likely to continue in De
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