‘VFEX reboot tied to fresh listings’

The trade-count on the VFEX grew from 1 482 trades in January to 3 379 in June, a 128 percent in­crease. The ZSE recorded 2 347 trades in January and 2 436 in June, reflecting little overall movement, although trading activity dipped to 1 953 trades in April. The VFEX be­gan the year with 865 fewer trades than the ZSE but ended June with 943 more trades than its counterpart.

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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