Economic headwinds threaten equities in 2017

Trading on the Zimbabwe Stock Exchange (ZSE) will be depressed this year owing to economic headwinds, with buying of stocks centred on companies that pay a dividend, a leading stock brokerage firm has said.

In a report, 2017 Zimbabwe Equities Outlook & Stock Picks, MMC Capital said due to the liquidity crisis, foreigner participation would continue to be on the selling side, though at a slower pace than prior years, as it seemed most of them have sold out by now.

“The local institutional investors will likely continue to be active on the buy side.

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