- ZSE Direct Growth: Recorded 28.68% increase in trades, with 19,968 registered clients
- Market Performance: ZSE total market turnover reached ZWG 806.5 million, with market capitalization at ZWG 74.49 billion
- Investor Confidence: Foreign investor participation accounted for 8.26% of total market turnover
- Delta, FBC Holdings, CBZ Holdings, Econet Wireless, and FML lead market gains
Harare- ZSE Direct, the Zimbabwe Stock Exchange's (ZSE) online trading platform, has recorded impressive growth, with 19,968 registered clients and 10,740 active clients.
The number of trades increased by 28.68%, reflecting the growing interest in online trading.
ZSE Direct has democratized access to the capital markets, offering investors a convenient, secure, and efficient way to buy and sell securities.
ZSE Direct is an online trading platform that allows investors to trade securities listed on the ZSE from anywhere, at any time.
The platform provides real-time market data, enables electronic settlements, and offers a range of value-added services.
This has brought numerous advantages, including convenience, accessibility, efficiency, and transparency. Investors can trade from anywhere, reducing the need for physical visits to brokers.
The introduction of ZSE Direct has removed several hurdles that previously limited investor participation. Geographical barriers are no longer a constraint, as investors can trade from anywhere in the country.
Additionally, ZSE Direct has increased participation from individual investors, who previously faced limited access to the capital markets.
Manual processing has also been replaced by electronic settlements, reducing processing times and increasing transaction speed.
Meanwhile, the Zimbabwe Stock Exchange (ZSE) as a whole delivered an impressive performance in the third quarter of 2024, driven by robust investor confidence, exchange rate volatility and activity.
The total market turnover reached ZWG 806.5 million, while the market capitalisation stood at ZWG 74.49 billion as of September 30, 2024. The ZSE All Share Index surged 89.22% to close at 243.41 points, reflecting significant growth in the market.
Delta led the gains, contributing 32% to the market capitalization, followed closely by FBC Holdings (14.3%), CBZ Holdings (9.8%), Econet Wireless (9.5%), and FML (3.7%).
Foreign investor participation accounted for 8.26% of the total market turnover, with the top five traded companies being Delta, FBC Holdings, Econet Wireless, NMBZ, and OKZ.
The Exchange Traded Funds (ETFs) market also saw significant activity, with five ETFs listed on the ZSE. The ZSE ETF Index gained 54.16%, while the total value traded was ZWG 978,230.68.
The Real Estate Investment Trusts (REITs) market recorded a total value traded of ZWG 69.43 million, with a market capitalization of ZWG 1.58 billion.
Foreign trades accounted for 8.3% of the total market turnover, resulting in a net sells position of ZWG 89.4 million.
The ZSE Depository reported a dematerialization ratio of 91.58%, indicating a shift towards electronic holdings. Plans are underway to reduce the clearing and settlement cycle from T+3 to T+2 in Q1 2025.
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