EFE Securities •

5 years ago •

Weekly Reports

Weekly -13.09.2019

The ZSE broke its losing run in the week under review as demand started to emerge for local equities amidst seemingly cheap valuations in USD terms as the local unit continued to slide. The local unit which launched in late February at par with the USD has since slid to rate of USD1: ZWL 12.8878 on the interbank market, while indications for the parallel market have the greenback exchanging hands at as high as USD 1: ZWL16.