‘VFEX reboot tied to fresh listings’

VFEX market capitalisation increased from about US$2,1 bil­lion to US$3,7 billion following the listing of Econet InfraCo.

THE country’s equity market recovery is increasingly dependent on new listings at the Victoria Falls Stock Exchange (VFEX), rather than migrations from the Zimbabwe Stock Exchange (ZSE), as tight monetary policy and structural constraints continue to limit overall market appeal, First Mutual Wealth (FMW) has said. This development would mark a strategic shift by issuers…

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