Zimbabwe – a tale of two African stock exchanges
The Victoria Falls Stock Exchange (VFEX) is positioning itself as a gateway to international capital entering Zimbabwe and other southern African markets. Will it take liquidity away from parent company the Zimbabwe Stock Exchange (ZSE), or are the two bourses complementary? The VFEX was launched in 2020 as an “offshore” exchange where trading takes place […]
Mobile phone app for trading on Zimbabwe securities exchanges
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).
Meet FINSEC, Zimbabwe’s second securities exchange
Zimbabweans have a second option for regulated securities trading: Financial Securities Exchange (Private) Limited (FINSEC) is licensed by the Securities and Exchange Commission of Zimbabwe as a securities exchange (alternative trading platform).
Africa’s top stock exchange performance in 2017
Despite a great year on the main US markets in 2017, many African stock exchanges offered USD investors a higher return. Biggest gain in USD was the Malawi Stock Exchange index, which climbed by 56.0%, one of 6 African exchanges which beat the Nasdaq index.
Innovative African IPO and listing successes show strong demand
A round-up of recent African IPOs and other listings, many over-subscribed, shows demand and innovation – Namibia scored its first SPAC and Mauritius listed GDRs.
Runaway gains continue as Zimbabwe Stock Exchange soars
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.
Update 2 – Zimbabwe Stock Exchange automation successful
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.
UPDATE – Zimbabwe Stock Exchange delays automated trading
The Zimbabwe Stock Exchange (ZSE) has announced that it did not launch electronic trading today as planned and this has been delayed indefinitely.
Zimbabwe Stock Exchange launches electronic trading 3 July
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.
Woes of Zimbabwe Stock Exchange
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.
Zimbabwe central depository brings shares on board
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 SE aims to issue 50% shares following demutualization
The Zimbabwe Stock Exchange completed its demutualization last month (March) and is now a fully fledged private company. It plans to issue up to 50% of its shares to new shareholders, according to reports. Company registration was completed earlier in the month and Finance Minister Patrick Chinamasa issued share certificates at a ceremony on 26 […]
Zimbabwe Stock Exchange new premises
Zimbabwe Stock Exchange moved to its new premises 44 Ridgeway North Highlands, Harare on 1 April.
Zimbabwe stock exchange moving to electronic trading and CSD
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.
Top performances for USD investors at Africa’s stock exchanges
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 soar on Zimbabwe Stock Exchange
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.
Zimbabwe Stock Exchange – top-performing shares 2013
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.
Zimbabwe Stock Exchange launches great investor relations (IR) drive
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.
Zimbabwe Stock Exchange terminates 3 listings
The Zimbabwe Stock Exchange has informed investors and the public in a press release that it has terminated the listings of 3 companies with effect from 23 Apr 2013.
Zimbabwe Stock Exchange set to pay off its suspended CEO
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.