Zimbabwe Stock Exchange market cap falls under $2bn due to economic liquidity issues and bearish trends on both ZSE and VFEX.
Zimbabwe Stock Exchange (ZSE) market capitalisation fell under US$2bn, a first since 2024, due to economic liquidity issues. Foreign exchange and gold reserves are used to manage Zimbabwe dollar liquidity, exacerbating the crisis. Both ZSE and VFEX are in a bearish trend, with the official exchange rate depreciating faster than the parallel rate, increasing by 167.6% this year. ZSE's Year-to-Date (YTD) is 136.2%, indicating a bearish trend.
March 13, 2024
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