Investors can use their smartphones to check share and bond portfolios and send orders to stockbrokers in Zimbabwe with an online and mobile trading platform called C-Trade from today (4 July).
Zimbabwe Stock exchange continues to soar, with gains of 9.3% yesterday (14 September) in its industrials index which closed at 379.95, up by 163% this year.
The Zimbabwe Stock Exchange started using its automated trading system (ATS) successfully on 6 July with rising volumes. It is a long-awaited change as the boursed move away from call over.
The Zimbabwe Stock Exchange (ZSE) has announced that it did not launch electronic trading today as planned and this has been delayed indefinitely.
Electronic share trading is to go live today, 3 July, at the Zimbabwe Stock Exchange. There are new trading hours and only dematerialized securities can trade.
The value of trading on the Zimbabwe Stock Exchange fell 22% in the first quarter of 2015 (compared to 2014), the bourse has been hit by controversies and several delistings.
Chengetedzai Depository Company Ltd, Zimbabwe’s central securities depository (CSD), was reported that the last securities had been brought on board in March 2015.
Zimbabwe Stock Exchange moved to its new premises 44 Ridgeway North Highlands, Harare on 1 April.
Electronic trading is coming to Zimbabwe Stock Exchange under a contract with InfoTech Group, and Chengetedzai Depository Company Ltd says 3 listed companies will be electronic from 8 Sept.
Malawi came out as Africa’s top-performing exchange to USD-based investors over 2013 with a strong 62.4% return. Eight out of 13 African exchanges beat the S&P 500.
Foreign inflows on the Zimbabwe Stock Exchange rose by nearly 40% in 2013, with more coming in the second half. However, capital-raising plummeted compared to 2012.
The main index of the Zimbabwe Stock Exchange climbed 31%, writes Ryan Hoover, as part of the reviews of top-performing African stock exchanges, check his excellent website www.investinginafrica.net.
Congratulations to the Zimbabwe Stock Exchange on its excellent new website, including a very useful listed companies’ data terminal, including annual reports, charting, trading and other data. Good work by the ZSE team and Rob Stangroom at African Investor Relations.
According to news reports, the Board of the Zimbabwe Stock Exchange is close to negotiating an exit package with CEO Emmanuel Munyukwi, who was suspended in May.
The ten stock exchanges of the Southern African Development Community (SADC) are working together to increase the effectiveness of their markets. The Committee of SADC Stock Exchanges (CoSSE) has agreed to concentrate on six priority areas in support of regional moves to more efficient capital markets.
The Securities Commission of Zimbabwe (www.seczim.co.zw) has declined to grant the Zimbabwe Stock Exchange (www.zse.co.zw – under maintenance), an operating licence, according to local media, and is challenging the exchange to provide a business plan.
Another step forward for Africa-based investor relations (IR) specialist Rob Stangroom. He announced that Zimbabwe-based stockbroker Lynton Edwards Securities is using data direct from corporate IR websites to service clients’ information needs about Zimbabwe-listed companies.
A company has been engaged to switch the Zimbabwe Stock Exchange to electronic trading and Cabinet has discussed this and setting up a Central Securities Depository by year-end.
Two economists talk to Business Digest about prospects for the Zimbabwe Stock Exchange, which they say are better for 2011 as the economy is expected to improve although political uncertainty remains a risk.
The Zimbabwe Stock Exchange snapped up its first new listing since 2007 on 29 November when Padenga Holdings Limited was admitted as the 77th listing.