ZSE in record losing streak

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THE Zimbabwe Stock Exchange’s losing streak stretched to three months in July, the longest since 2016, when bond notes were introduced.
The local bourse had trended upwards since then, with inflation — driven mostly by currency ambiguity, which essentially started with the introduction of the pseudo currency — pushing demand for stocks and other non-cash investments.

This trend had escalated until May, when President Emmerson Mnangagwa announced a raft of economic measures that were meant, among other things, to deter speculation on the market, which authorities say was driving inflation.