THE Victoria Falls Stock Exchange (VFEX) is bullish of new listings in 2021 and has announced plans to set up a settlement guarantee fund meant to instil confidence among investors.
Dubbed the ‘game-changer,’ the Victoria Falls Stock Exchange (VFEX), which was launched as part of government’s efforts to transform the resort city into an off-shore financial services centre, is eyeing more listings this year and introduction of new exciting financial products beyond shares.
Zimbabwe Stock Exchange (ZSE) Chief Executive, Mr Justin Bgoni is convinced that there are positive prospects for the bourse with more focus on attracting new listings and boosting investor confidence.
A FRUITFUL season lies ahead for punters on the Zimbabwe Stock Exchange (ZSE) in 2021 despite major headwinds that have perennially spelled trouble for the economy, market analysts say.
A positive result from an envisaged Covid-19 vaccine rollout, growing pessimism around the money market, increased appetite for stocks to hedge against inflation and weakening of the local dollar, are positives for the local bourse.
Markets analyst Ranga Makwata said there was a positive outlook for equities in 2021 although the broader economic prospects remain dim.
He said just like what was witnessed in 2020, earnings prospects for listed companies will have little impact on stock market performance although some improvements are expected as a result of a better agricultural season and reduced Covid-19 disturbances once the vaccines are rolled out.
‘Good Times Beckon On Local Equities Market’
January 15, 2021
A FRUITFUL season lies ahead for punters on the Zimbabwe Stock Exchange (ZSE) in 2021 despite major headwinds that have perennially spelled trouble for the economy, market analysts say.
A positive result from an envisaged Covid-19 vaccine rollout, growing pessimism around the money market, increased appetite for stocks to hedge against inflation and weakening of the local dollar, are positives for the local bourse.
Markets analyst Ranga Makwata said there was a positive outlook for equities in 2021 although the broader economic prospects remain dim.
He said just like what was witnessed in 2020, earnings prospects for listed companies will have little impact on stock market performance although some improvements are expected as a result of a better agricultural season and reduced Covid-19 disturbances once the vaccines are rolled out.
The Zimbabwe Independent
Taurai Mangudhla
CONFUSION reigns over valuation of the Old Mutual and PPC shares that were suspended from the Zimbabwe Stock Exchange (ZSE) in June 2020 with auditors having to ponder various possible calculations in the accounts of their clients.
This comes amid a growing push in the market to use prevailing share prices for the two stocks on the Johannesburg Stock Exchange (JSE), where they are trading, and calculate their local value at the prevailing interbank auction rates.
The share valuation is material to the fees earned by fund managers as well as the asset base of companies who are holding these stocks in this inflationary environment.
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