Articles tagged 'zimbabwe stock exchange'

Border Timbers shares suspended 13 November 2018 HARARE - Border Timbers shares were yesterday suspended from trading at the Zimbabwe Stock Exchange after the company failed to publish its financial results. The timber producer has not been able to publish its results because of international arbitration proceedings between the company, othe...
Old Mutual, Delta excite foreign buyers 13 November 2018 HARARE - Foreign investors were net buyers of $1,3 million shares on the Zimbabwe Stock Exchange (ZSE) in last week, with particular interest in Old Mutual and Delta Corporation. According to figures from the local bourse, foreign purchases accounted for $13,3 million worth of shares while sal...
NatFoods seeks nod for share buyback 6 November 2018 HARARE - National Foods Holdings (NatFoods) is seeking shareholder approval to embark on a share buyback in an effort to boost its share price. The agro-processing firm, which has been one of the worst performing counters on the Zimbabwe Stock Exchange (ZSE) this year, will next month hold its...
ZSE sinks deeper in month-ending session 5 November 2018 HARARE - The Zimbabwe Stock Exchange (ZSE) closed the month of October in the red as three of the broad indices closed pointing southwards. However, the resources index was the sole gainer among the benchmarks as it closed in the black after putting on 0,36 percent to end at 217,34 points. ...
ZSE drops $4 billion in a day 17 October 2018 HARARE - The Zimbabwe Stock Exchange on Monday lost $4 billion in value after parallel market rates for bond notes and real time gross settlement (RTGS) rates against major currencies deteriorated. The informal exchange for the surrogate currency and transferable deposits bond, which had surge...
Zim stock market hits new highs 16 October 2018 HARARE - Zimbabwe's stock market hit a record high last week, propelled by local investors seeking a safe haven in an economy suffering acute shortages of foreign exchange, a leading financial research firm has said. Equity Axis said in the week under review, stocks shot up astronomically goin...
Meikles seeks to defer debt 3 October 2018 HARARE - Hospitality and retail group, Meikles Limited (Meikles) says they are in negotiations with a financial institution to convert short-term borrowings to medium-term loans, while awaiting for the release of its funds held by government. Meikles chairperson John Moxon said the anticipated...
Econet, Delta excite foreigners 3 October 2018 HARARE - Foreign investors were net buyers of $1 million shares on the Zimbabwe Stock Exchange (ZSE) in September, with particular interest in Delta and Econet. According to figures from the ZSE, foreign purchases accounted for $21,7 million worth of shares while sales amounted to $22,7 millio...
ZSE foreign buys slump 22 September 2018 HARARE - Foreign buys on the Zimbabwe Stock Exchange (ZSE) slumped 92,63 percent on Tuesday to $28 771 from $390 337 as sales firmed 60,19 percent to $196 336 from $122 567, it has emerged. Despite this, market capitalisation stood at $12,2 billion, a 0,31 percent improvement on prior session,...
Barclays, CBZ spur ZSE 14 September 2018 HARARE - Zimbabwe Stock Exchange (ZSE) recorded significant gains towards the end of last week buoyed by block trades in financial institutions Barclays and CBZ Holdings (CBZ) shares. The local bourse, which survived a mid-week slump as it powered to gains in all the major market benchmarks by...
ZSE swings into the red 6 September 2018 HARARE - The Zimbabwe Stock Exchange (ZSE) swung into the red in Tuesday's trades as three benchmark indices slid after Monday's gains. In its analysis on Tuesday's trade, EFE Securities said all of the bourse's benchmark closed lower while the Mining Index marginally rose. “The primary All...
Foreign investors grab FMHL and Old Mutual shares 24 August 2018 HARARE - Foreign investors were net buyers of $300 000 worth of shares on the local bourse during the week ending August 10 according figures released by the Zimbabwe Stock Exchange (ZSE). According to ZSE, foreign purchases accounted for $4,3 million worth of shares while sales amounted to $4...
ZSE slips further as political uncertainties continue 16 August 2018 HARARE - The Zimbabwe Stock Exchange (ZSE) continued to slide in the wake of the political upheavals that followed the July 30 plebiscite, with the benchmark All Share Index retreating 2,11 percent settling at 111,78 points. Shedding 2,06 percent, the Industrial Index settled at 378,88 points ...
ZSE slide extends in election week 7 August 2018 HARARE - The Zimbabwe Stock Exchange (ZSE)’s weekly slide extended into the post-election period in the wake of violent demonstrations that rocked the capital, Harare, as results of the elections were being published, a local equities firm has said. The elections, whose outcome saw the ruling ...
ZSE downward trend continues 6 August 2018 HARARE - As Zimbabwe awaited news of President Emmerson Mnangagwa’s poll victory on Thursday, the Zimbabwe Stock Exchange (ZSE) further tumbled with the primary All Share and Industrial Indices shedding an identical 0,21 percent. At the close of Thursday’s session, The primary All Share and th...
ZSE volumes slump 3 August 2018 HARARE - Share volumes traded on the Zimbabwe Stock Exchange (ZSE) went down 24,5 percent in the month of May to 129,1 million from the 170,8 million that exchanged hands prior comparable period, official data shows. In its May report, the central bank highlighted that while the bourse’s marke...
ZSE surge persists as polls approach 24 July 2018 HARARE - The Zimbabwe Stock Exchange (ZSE) defied the edgy election mood last week, ending the session with the mainstream All Share Index soaring 2,75 percent to 117,29 points while the Industrials added 2,84 percent to 394,35 points which was 2,06 points shy of the year high of 396,41 points. ...
ZSE extends CFI suspension 8 May 2018 HARARE - The Zimbabwe Stock Exchange (ZSE) has extended the suspension of CFI Holdings’ shares from trading on the local bourse by additional 30 days to June 2, 2018. The move, aimed at giving  the agro-business group more time to comply with certain requirements of the listing rules, has ruin...
FMHL targets NicozDiamond minorities 24 April 2018 HARARE - Zimbabwe Stock Exchange- listed financial services group, First Mutual Holdings Limited (FMHL), has launched a bid to buy all outstanding shares held by minority shareholders in NicozDiamond Insurance Limited. FMHL last year acquired 80,92 percent of  NicozDiamond issued shares and no...
ZSE foreign buys surge 21 April 2018 HARARE - Zimbabwe Stock Exchange (ZSE) foreign buys ballooned 1826,55 percent to $1,2 million from $64 186 on Thursday as non-Zimbabweans snapped up stocks on the local bourse following the Independence holiday. On Thursday, the primary All Share Index added a further 1,48 percent to end pegge...
ZSE extends CFI suspension 11 April 2018 HARARE - The Zimbabwe Stock Exchange has extended CFI Holdings (CFI) suspension from trading by an additional 30 days to conclude an investigation on the diversified conglomerate’s alleged bad corporate governance. In January this year, CFI was suspended from trading its shares on the ZSE plat...
ZSE closes week in the black 10 April 2018 HARARE - The Zimbabwe Stock Exchange (ZSE) closed last week in the black as indices remained flat with the Top Ten Index marginally rising. The Top Ten Index was buoyed by gains in heavies Delta, Econet and Old Mutual, gaining a marginal 0,07 percent despite losses in conglomerate Innscor as g...
ZSE falters in month opening session 6 March 2018 HARARE - The Zimbabwe Stock Exchange (ZSE) faltered as it opened with a total market capitalisation of $8,7 billion after shedding 1,19 percent in the week of March 2, 2018. Indices slipped back into the red on the first day of the new month except for the Mining Index which was constant at 12...
CBZ rolls out sustainable life assurance services 10 February 2018 HARARE - Zimbabwe’s largest financial institution by assets, CBZ Holdings (CBZ), says it will leverage on its strong balance sheet to roll out sustainable life assurance services with guaranteed returns. The Zimbabwe Stock Exchange-listed group, which superintends over a range of financial ser...
TSL in $4,8m 1 February 2018 HARARE - Zimbabwe Stock Exchange-listed diversified conglomerate TSL has recorded a 75 percent increase in profit after tax to $4,8 million in the full year to December 2017. The group’s chairperson Anthony Mandiwanza, said TSL revenues went up 7,0 percent to $50,6 million and operating profit...