New valuation rule lifts VFEX market cap

Victoria Falls Stock Exchange (VFEX)

A CHANGE in the Victoria Falls Stock Exchange (VFEX)’s market capitalisation methodology has pushed its value to a record US$8,27 billion this Tuesday, nearly double that of the Zimbabwe Stock Exchange (ZSE).The new methodology, introduced last week, requires the market capitalisation of cross-listed companies to be calculated using their full global issued share base multiplied…

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