20.6 C
Harare
Saturday, January 16, 2021
Indices slump in Thursday sessionInvestors are opting for liquidityTruworths led the fallers of the day after letting go 19.78% It was a bloodbath in Thursday’s session as all indices closed in the red. The mainstream All Share Index dropped 2.80% to 466.94pts while the Industrials slumped...
Foreign sells increased to $104 millionForeign purchases came off at $50 million Foreign participation on the Zimbabwe Stock Exchange continues to plummet in February as investors continue losing hope owing to the weak economic fundamentals prevalent in the country. Foreign investor participation remains...
Turnover increased by 18% in nominal terms and 14% in real termsZSE All Share Index 7% below the prior monthMarket capitalisation went up for the second successive month Harare - Trading activity on the Zimbabwe stock Exchange made headway in February emerging as the biggest month in...
Given a harsh operating environment for the business fraternity, listed financial services institution Getbucks is pursuing a capital preservation strategy while working at maintaining profitability despite the headwinds. According to a trading update issued by the Chief Executive Terry Mudangwe, Getbucks acquired investment property in...
The Statutory Instrument 240 of 2019 which was launched on 15 November 2015 encompassing the dealings in several classes of securities, among them; Exchange Traded Funds (ETFs) has now been gazetted. Effectively, ETFs can now be traded on the ZSE in line with global trends,...
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...