Local bourse sheds $722 billion in May

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THE Zimbabwe Stock Exchange (ZSE) suffered its biggest loss in more than three years last month after shedding $722 billion to end with a market capitalisation of $2,89 trillion.
This follows the bourse’s huge knock following President Emmerson Mnangagwa’s economic measures that were, in part, meant to deter speculation on the market, which authorities say has been stoking inflation.