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The Victoria Falls Stock Exchange (VFEX) is set to enhance its offerings by introducing contract for differences (CFDs) trading, raising questions about the depth of Zimbabwe’s capital markets. By Tawanda Musarurwa CFDs are financial derivatives that allow traders to speculate on the price movements of assets without owning the underlying assets. The VFEX, a US…
Equities on the Zimbabwe Stock Exchange (ZSE) recovered in the week to Wednesday in gains led by the market’s heavy cap counters resulting in four of the benchmark indices closing in the positive. The primary indicator, the ZSE All Share Index rose 1,7 percent to 14 826 points from 14 577 points sustained by gains…
Depository Company (CDC) says Tanganda Tea Company became the latest issuer to come on board its Central Securities Depository
HARARE – The stock market was near flat for the second day running as trading remained mixed. Turnover was about 25% lower to $61.25 million although activity levels were much higher at 490. Delta led the turnover contributions at $16.86 million while General Beltings brought in the least value at $120. Foreigners continued to sell their holdings in heavyweight counters at $26.08 million against purchases of $5.87 million. Meanwhile, the Ministry of Finance said public service funds under management have grown to $3.7 billion since last year. The funds are under the management of eight asse...