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Zimbabwe Stocks Temper Their Wild Ride as Inflation Moderates

  • Low valuations in focus as investing becomes more conventional
  • Inflation seen at 15% by year-end after reaching 837% in July

Zimbabwe’s breakneck inflation rate is slowing and that’s prompting signs of normalcy in the local stock market.

In the southern African nation’s topsy-turvy markets, stocks have proved a haven for investors seeking to preserve their wealth from inflation that reached 837% in July last year. As the pace of price increases moderates, investors are considering more conventional stock-picking factors -- such as valuations, according to John Legat, head of Zimbabwe’s oldest brokerage.