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Harare
Saturday, March 28, 2020
Tesla soars 200% in 7 monthsIncreased demand for EVs puts pressure on lithium & nickel pricesZim, the world’s 5th largest lithium producerNickel hits 5 year high in Sept, indicative of days to come Tesla’s stock has enjoyed a rare strong rally on the New...
Turnover was 60% above December in nominal terms and 56% up in real termsZSE All Share Index closed at 45% recovering from December lossesSurge in equities occurred in the fourth week of January, rising by 32% Trading activity on the local bourse in January picked up both...
Companies have delayed publication of results to conform with IAS 29 guidelinesThe impact reflects more on the wider market than it reflects on individual companiesStudies show that sentiment is a key variable in the prices of stocks traded on stock markets, although it is subject to change influenced by a number...
Foreign buys dwindle to 27% of total value traded On the net foreigners closed in net sell off positionCurrency changes, policy shift and low forex levels deterred investments Harare- Offshore demand for Zimbabwe quoted equities reduced drastically in 2019 in line with the country’s...
Sales volume decline 23% HY19’76% Capacity utilization despite power challengesInterest expense slumps 1 011%Land disposed of for $ZWL25 mill PAT The only ZSE listed Brickmaker, Willdale reports a 23% decline in sales volumes for the six months to 30 September 2019. Feeding the trend is...
The Zim dollar continued to weaken against the American dollar on the Interbank closing at ZWL16.48, a 0.2% decline versus yesterday’s ZWL16.44. While the market was set-up to formalize forex trading, it has not yet proved to be fluid enough and continues to see suppressed trading and the parallel market...
Trading delayed for almost 2 and half hoursSecond fault in 2 monthsSystem adopted in 2015 Harare - The ZSE’s electronic trading system experienced a temporary downtime earlier on Monday which effectively delayed the trading of shares in the new week.
Harare – Zimbabwe Stock Exchange – listed quick service restaurant group, Simbisa Brands Limited has reported a 91% overall growth in revenues to ZWL$390.8 million compared to ZWL$204.7 million in the previous year. Contributing to this performance was the positive contribution from its regional operations where customer counts grew by...
Harare – Zimbabwe Stock Exchange - listed financial services group, Zimre Holdings Limited (ZHL) said that the negotiations at its subsidiary Emeritus International Reinsurance Company Limited’s capital raise have been terminated. “Shareholders of ZHL are referred to the cautionary announcement dated 10 September 2019, and are advised that the negotiations...
Harare – African lithium developer, Prospect Resources Ltd has announced the dual listing of the Company’s shares on the Frankfurt Stock Exchange and will be trading under the code “5E8.” The Company, whose shares are also listed on the Australian Stock Exchange (ASX:PSC), flagship project is the...