Advertisements
Home » Local bourse gains $55 billion in July

Local bourse gains $55 billion in July

0 comments

THE Zimbabwe Stock Exchange’s (ZSE) market capitalisation grew by $55 billion in July to close at a record $819 billion as the local bourse’s rally continued, driven by high inflation.
The benchmark All Share Index extended its year-to-date gains to 159 percent after putting on 9,3 percent during the month to end at 6 818,29 points.
All signs, however, point to a slow down going forward with analysts warning the market is now overvalued, while inflation – which has been driving demand for stocks – dipped below 100 percent in July for the first time in more than 12 months.

Advertisements

ZSE chief executive, Justin Bgoni

Subscribe to The Financial Gazette

This is premium content. Subscribe to read article.

Subscribe Today

Gain access to all articles. Subscribe Today.
Advertisements

Leave a Comment

Advertisements

The Financial Gazette It is southern Africa’s leading business and political newspaper well known for its in-depth and authoritative reportage anchored on providing timely, accurate, fair and balanced news.

Newsletters

Subscribe to The Financial Gazette newsletter for financial & business news worth reading. Let's stay updated!

©2024 The Financial Gazette. A Media Company – All Right Reserved. Designed and Developed by Innovura
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More