ZSE growth fell 30% in April

THE Zimbabwe Stock Exchange (ZSE) experienced a negative growth of 30% in real terms last month after the local currency depreciated by 34% within the same period, according to Inter Horizon Securities (IH).

The bourse, which has experienced massive migrations since last year, however, witnessed slight improvement in market cap as it grew 3,95% within the period to $3,42 trillion.

“However, the local currency experienced headwinds depreciating 34% within the month under review and as a result, performance of the bourse in real terms was diluted to a growth of -30%.

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