THE desperation of investors seeking liquidity to pay down high interest rate borrowings is undervaluing stocks on the Zimbabwe Stock Exchange (ZSE), a financial services firm has said.
First Mutual Wealth (FMW), said despite this, the market remains an inflation hedge and offers decent value retention and growth prospects amid high inflation.
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“It is an opportune time for picking up equities at discounted values. It is anticipated that risks that will threaten real growth in the outlook are more tilted towards economic performance and policy inconsistency which may result in further performance shocks in the outlook,” said FMW in its second quarter economic and market revie
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