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.
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