ZSE decline persists

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THE Zimbabwe Stock Exchange (ZSE) extended its losses in February as the market continued to undergo correction after a year-long rally that inflated stock prices.
Last year’s bullrun, which was driven by inflation fears, ended when former president Robert Mugabe, stepped down in November. Mugabe is widely blamed for the country’s poor economic performance over the past three decades.
The 2017 market rally was largely attributed to a monetary crisis in the country characterised by inflation and foreign currency shortages.

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