ZSE breach $800 billion mark
ZSE breach $800 billion mark
The Zimbabwe Stock Exchange’s market capitalisation breached the $800 billion mark for the first time on Friday with the local bourse remaining a popular investment option in the country.
By the close of trading on Friday, which was also the last day of trading in July, the ZSE’s market capitalisation at $804 billion had gained 153 percent for the year and 7,88 percent for the month.
Using the official exchange rate, the ZSE is now valued at US$9,3 billion.
Market watchers, however, tend to use the parallel market rate which would put the ZSE’s market capitalisation at US$5,7 billion when using an exchange rate of $140:US$1.