Articles tagged 'zimbabwe stock exchange'

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...
Mamvura, Chawoneka exit CFI Holdings 8 December 2017 HARARE – One of Zimbabwe’s top marketers, Douglas Mamvura and renowned banker Ephraim Chawoneka, have resigned from controversy-prone CFI Holdings Limited saying the environment at the Zimbabwe Stock Exchange (ZSE) listed concern was such that staying would have created needless reputational risk...
Meikles back in the black 27 November 2017 HARARE - Zimbabwe Stock Exchange-listed conglomerate, Meikles Limited (Meikles), has bounced back to profitability after registering a $3,2 million profit in the half year to September 2017 compared to a loss of $1,4 million in the same period last year. The group’s executive chairperson, John...
ZSE bull run to continue 13 October 2017 HARARE - The Zimbabwe Stock Exchange rebound is expected to continue throughout October after total volumes traded in September went up 127,81 percent to 264,09 million. In its report for the month of September, equities firm IH Securities (IH) said the relentless bull run was a direct result ...
ZSE introduces market data policy 3 October 2017 HARARE - The Zimbabwe Stock Exchange (ZSE) has announced that it will soon  issue the Market Data Policy which will govern the use, distribution and reporting for listed counters with effect from January 1 next year. Market Data enables investors and stock brokers to have public access to trad...
ZSE in the black as industrials recover 26 September 2017 HARARE - The local bourse ended the week in the black as industrials partially recovered after four successive sessions in the red. The mainstream index picked up by 0,46 percent to settle at 366,08 buoyed by gains in heavy caps. The resource index went up by 0,96 percent to close at 99,67. ...
Border Timbers in CSD debut 14 August 2017 HARARE - Zimbabwe Stock Exchange-listed agro-industrial concern, Border Timbers, is set to make its debut on the Central Securities Depository (CSD) next week. The CSD system maintains securities in electronic format in investors’ accounts, allowing their transfer from one party to the other t...
ZSE losing streak continues 8 March 2017 HARARE - The Zimbabwe Stock Exchange (ZSE)’s losing streak continued in February with the local bourse’s market capitalisation falling down 3,7 percent to $3,8 billion. Equities research firm, IH Securities, said while foreign investors continued shunning the bourse, the industrial index had a...
Reprieve for Econet shareholders 3 February 2017 HARARE - Zimbabwe's leading mobile telecommunications company, Econet, has set up a facility to allow local shareholders to participate in its $130 million rights issue, with the assistance of the central bank. This was after the Zimbabwe Stock Exchange (ZSE) indefinitely postponed the company...
'ZSE bull run unsustainable' 19 January 2017 HARARE - Zimbabwe Stock Exchange (ZSE)’s bullish run in the 2016 fourth quarter is expected to end soon due to depressed economic conditions, insurance giant Old Mutual has said. In its Portfolio Manager’s Digest for 2016, Old Mutual said investors were expected to lean towards value preservat...
Investors dump ZSE, flee for safety of cash 13 December 2016 HARARE - Fund investors have been pulling out of the risky Zimbabwean stock market at an alarming pace over the last 10 months, against the background of cash and liquidity challenges, weak total demand for goods and services in the economy and reduced business confidence. Investors pulled $55...
ZSE is world's best-performing bourse 27 October 2016 HARARE - Zimbabwe's $3,3 billion stock market is up 22 percent this month, more than any of the 94 equity indexes tracked by Bloomberg globally. Zimbabweans are piling into equities to preserve their wealth as the government plans to introduce a pseudo-currency called bond notes, stirring memo...
ZSE loses $1,1 billion 27 September 2016 HARARE - The Zimbabwe Stock Exchange (ZSE) shed $1,1 billion between July 2015 and July 2016 as foreign investor scepticism saw the local bourse register large divestments, the Reserve Bank of Zimbabwe (RBZ) said. As a result of the divestments, the central bank pointed out that net foreign ca...
ZSE remains depressed 14 July 2016 HARARE - The Zimbabwe Stock Exchange (ZSE) remains subdued with the market’s turnover slumping by 70 percent to settle at $1,5 million in the week ending July 1, 2016,  the central bank has said. A Reserve Bank of Zimbabwe (RBZ) update said most blue chip counters’ performance was depressed. ...
Zim bourse hits seven-year low 17 June 2016 HARARE - As the country’s economy continues to die, the Zimbabwe Stock Exchange (ZSE) hit a seven-year low on Wednesday, as foreign investors flee the market as if it’s infected with the deadly Ebola virus. Although the ZSE once ranked among the biggest and best performing bourses in Africa, i...
ZSE lifts CFI suspension 29 May 2016 HARARE - The Zimbabwe Stock Exchange (ZSE) has lifted the suspension of CFI Holdings Limited after the diversified concern complied with listing rules. CFI, which owns businesses in real estate and agro-industrial, was early this year suspended from trading on the local bourse after it failed ...
Axia debuts on ZSE 19 May 2016 HARARE - Innscor Africa subsidiary Axia listing on the Zimbabwe Stock Exchange is a sign of the diversified conglomerate’s confidence on the local market, the central bank has said. Reserve Bank of Zimbabwe deputy governor Charity Dhliwayo told delegates attending the listing of Axia on yester...
ZSE probes Murowa sale 17 May 2016 HARARE - The Zimbabwe Stock Exchange (ZSE) says it is investigating Rio Tinto’s disposal of its shareholding in Murowa Diamonds to a foreign firm amid allegations that local listing rules were violated. This comes as government also recently indicated that it was seized with the matter after i...