The Zimbabwe Stock Exchange (ZSE) is starting to show signs of recovery and growth after a depressed performance since the beginning of the year.

Stock markets around the world usually show massive gains at the beginning of the year as investors take advantage of the discounted prices that will be obtaining.

However, but this was not the case for the ZSE, which lost a cumulative 12% as at 15 March 2018 to 86.16 points. 

Despite the losses recorded, the ZSE has rebounded by strengthening by nearly 7% since the beginning of April. 

The earnings season which recently passed also helped to boost the markets as many counters registered stellar performances in their financials.

Heavyweight counters which helped push the bourse include Econet which declared a $50 million dividend and beverage manufacturer, Delta, whose revenue was up 18%.

Cement maker, PPC sales jumped 40 percent in the latest financials.

These performances have created a bullish mood amongst investors, helping prices to firm.

The ZSE was the best performing stock market in Africa last year as the all share index grew a massive 130.3 percent.

This performance is unlikey to be matched as the macroeconomic fundamentals are causing a market correction.