THE Zimbabwe Stock Exchange’s (ZSE) market capitalisation grew by $644 billion to $1,98 trillion during the first three months of 2022, as demand for stocks persisted.
Over the past few years, the local bourse has rallied on high inflation, which rose to 72,7 percent in March from 60,74 percent in December.
The ZSE benchmark All Share Index was up by 44,5 percent during the quarter to close at 15 858,92 points.
It comes as the Zimbabwe dollar’s free-fall has continued, with the domestic unit losing more than 15 percent during the three-month period.
“The ZSE has been highly oscillatory since the beginning of the year, attributed to uncertainty in the market as the bourse has escalated to record high levels while macro-economic fundamentals have since stabilised,” Equity Axis said in a recen
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