Regulation pacifies local bourse

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THE Zimbabwe Stock Exchange remained relatively quiet in 2023 as regulations enacted in 2022 to discourage speculation continued to bite.
The All Share index closed Wednesday with year-to-date gains of about 800 percent compared to an upsurge of 4 500 percent in 2021.
With the bourse having registered gains of about 100 percent in 2022, the end of this year marks its longest “slump” since 2016, when bond notes were introduced.
While the market has continued to trend upwards, gains seen over the past two years were much less than what was seen on the bourse during the half-decade before the introduction of the measures, which included the banning of inter-account transfers between brokers and their clients.
Transfers from a client sub-account were also restricted to the customer’s bank account.