Zimbabwe stocks slide as market reopens without Old Mutual
Seedco and PPC also prevented from trading
03 August 2020 - 20:03
Zimbabwean stocks tumbled as trading resumed for the first time in five weeks after authorities had shut down the exchange for allegedly contributing to the plunge in the local currency.
The government has said that the shares of Old Mutual, PPC and Seedco were being used to manipulate foreign-exchange rates. Those stocks, which have dual listings on other exchanges outside the country, were not allowed to resume. The main index fell 4.5%, while mining counters dropped 2.4%...
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