Zimbabwe stocks

Zimbabwe stocks: Gold coins, rate hikes to curb 257% inflation hurt equities Valuations are cheapest they’ve been in US dollar terms: Imara

Zimbabwean stocks have fallen 50% since the end of April after authorities increased taxes on equity transactions and took other steps to support a collapsing local currency and tame triple-figure inflation.

Stocks have long been favored by local investors seeking a refuge from the sliding domestic currency and consumer prices that rose 257% last month from a year earlier. But the benchmark index of the Zimbabwe Stock Exchange is in a record losing streak that has stretched to 13 days so far.

Zimbabwe Stock Exchange gets fifth ETF listing

A combined 14,000 basis points in interest-rate hikes this year has played a role in drying up liquidity, as has the introduction last month of bullion coins to support the embattled Zimbabwe dollar. 

“The gold coins are part of the reason,” according to Lloyd Mlotshwa, head of research at IH Securities, a Harare-based brokerage firm. “However, measures taken even before the coins, such as increasing interest rates, increasing taxes on equities transactions and actively reducing the money supply, all contributed to the current trajectory of the stock market.”

Valuations have sunk so far that stocks may start to look like an attractive alternative to local investors wary of putting too much faith in gold, said Shelton Sibanda, chief investment officer at Imara Asset Management, the country’s oldest brokerage.

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“There is a limit to how much exposure investors want to have in gold coins, which is an additional asset class,” Sibanda said by phone. “For long-term investors, this is the cheapest that the stock market has been in US dollar terms.”

Cass Saddle’s Agriculture Exchange Traded Fund (ETF), made up of listed agricultural sector equities, became the fifth ETF to list on the Zimbabwe Stock Exchange (ZSE) this year with the local bourse anticipating more listings before year-end.

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The ETF, which was listed by way of introduction, took off with a seed capital of $36 199 404, and also became the fifth overall securities listing on the ZSE this year after it was officially registered on the exchange yesterday.

Lands, Agriculture, Fisheries, Water and Rural Development Deputy Minister Davis Marapira in a speech read on his behalf by Bwenje Taderera, the chief director of strategic planning and business development in the ministry, said innovations such as the Cass Saddle’s agriculture exchange fund are instrumental for improving access to capital for investment into the various value chains in the agriculture sector.

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“The creation and listing of this Agriculture Exchange Traded Fund represent the marriage between agriculture and financial markets, which is a very important step towards promoting agriculture as a business, in line with the Agriculture and Food Systems Transformation Strategy (AFSTS).

“For this reason, we celebrate all efforts by our financial market players to align with this vision of improving our economic fortunes through the agriculture economy,” he said.

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Deputy Minister Marapira said that the listing also enabled the broader community to benefit from profits that are generated in the agriculture economy.

“As the NDS 1 seeks to facilitate appropriate funding for agriculture, the capital markets also play a pivotal role towards home-grown equity-based financing solutions for agriculture. Therefore the market should consider listing more agriculture-related companies to achieve more benefits,” he said.

Zimbabwe Stock Exchange

https://www.zse.co.zw

|AFDS.ZW 0.00% | ASUN.ZW 0.00% | ARTD.ZW 0.00% | ARIS.ZW 0.00% | AXIA.ZW -2.30% |BIND.ZW +0.73% | BAT.ZW 0.00% | CAFCA.ZW 0.00% | CSZL.ZW +0.68% |CBZ.

‎Price sheet · ‎Listed Securities · ‎Regulation · ‎Members

Zimbabwe Stocks Plunge 50% in Four Months as State Grip 

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52 minutes ago — Zimbabwean stocks have fallen 50% since the end of April after authorities increased taxes on equity transactions and took other steps to 

Zimbabwe Stock Market – 2022 Data – 2009-2021 Historical

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Zimbabwe Stock Market – data, forecasts, historical chart – was last updated on August of 2022. The Zimbabwe Stock Market is expected to trade at 13570.55 

Zimbabwe Stock Market – Investing.com

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Up-to-date data on the stock market in Zimbabwe, including leading stocks, large and small cap stocks.

Zimbabwe Stock Exchange (ZSE) Live

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Listings 1 – 56 of 56 — The Zimbabwe Stock Exchange (ZSE) is the sole, official stock exchange of Zimbabwe, bringing together companies looking for long-term 

Zimbabwe Stock Exchange (ZSE) – Listed Companies

https://www.african-markets.com Zimbabwe (ZSE)

CompanySectorPriceChangeYTDM.Cap.(Bln)Date

African Distillers Consumer Goods 330.00 ‑ +164.00% 38.71 11/08

African Sun Consumer Services 16.00 ‑3.02% +149.14% 13.79 11/08

Ariston Holdings Consumer Goods 2.44 ‑2.21% ‑34.32% 3.98 11/08

Zimbabwe Stock Exchange Share Prices – AfricanFinancials

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CompanyPrice% ChangeValueVolumeYTD %SectorUpdated

Edgars 775.00 +14.81 9,300 1,200 +78.16 Retail Aug 16, 2022

First Capital 783.57 +11.93 21,940 2,800 +126.86 Banking Aug 16, 2022

ZimRe 400.00 +6.67 8,000 2,000 +6.36 Insurance Aug 16, 2022

Zimbabwe Stock Exchange

https://sseinitiative.org › stock-exchange › zimbabwe

The Zimbabwe Stock Exchange serves three critical functions: Providing a link between companies that need funds to set up new businesses or to expand current 

Organizational model of stock exchange: Public 

Number of listed companies: 60

About the stock exchange: Location: Harare, Zi

Domestic market capitalization: 13,945 million 

Ok Zimbabwe Ltd. – MarketWatch

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OKZ | Complete Ok Zimbabwe Ltd. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.

Market Cap: Z$38.58B

EPS: Z$2.08

P/E Ratio: 14.46

1 Month: 3.63%

Zimbabwe Stock Indices – Investing.com

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Stay on top of current data on stocks, bond and sector indices in Zimbabwe, including the latest price, daily high, low and change% for each index.

ECO | Econet Wireless Zimbabwe Ltd. Stock Overview 

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Complete Econet Wireless Zimbabwe Ltd. stock information by Barron’s. View real-time ECO stock price and news, along with industry-best analysis.

Market Value: Z$516.5B

Latest Dividend: Z$0.60

Shares Outstanding: 2.59B

Dividend Yield: 0.88%

Zimbabwe Stock Exchange – Wikipedia

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The Zimbabwe Stock Exchange, or ZSE, is the official stock exchange of Zimbabwe. Its history dates back to 1896 but has only been open to foreign investment 

Indices: ZSE All Share Index; ZSE Top 10 Index; 

Key people: Caroline Sandura (Board Chairpe

No. of listings: 63

Founded: 1894

Category:Companies listed on the Zimbabwe Stock Exchange

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Pages in category “Companies listed on the Zimbabwe Stock Exchange”. The following 23 pages are in this category, out of 23 total. This list may not reflect 

Market capitalization of listed domestic companies (% of GDP)

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Market capitalization of listed domestic companies (% of GDP) – Zimbabwe from The World Bank: Data. Stocks traded, turnover ratio of domestic shares (%).

Zimbabwe Stock Exchange (@ZSE_ZW) / Twitter

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Zimbabwe Stock Exchange. @ZSE_ZW. The ZSE assist institutions to raise long term capital through listing of securities as well as offer an investing 

Econet Wireless Zimbabwe Ltd. Stock Quote MarketWatch

https://www.marketwatch.com Quotes › Stocks › ZW

ECO | Complete Econet Wireless Zimbabwe Ltd. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.

Market Cap: Z$489.14B

1 Month: 5.23%

1 Year: 226.88%

Victoria Falls Stock Exchange

https://www.vfex.exchange

Caledonia Acquisition of Bilboes gold project in Zimbabwe. July 09,2022. VFEX Q2-2022 Newsletter Follow VFEX on Twitter. Victoria Falls Stock Exchange.

Zimbabwe Stock Exchange | Facebook

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 Rating: 5 · ‎21 votes · ‎Price range: Not Applicable

Zimbabwe Stock Exchange | LinkedIn

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The Zimbabwe Stock Exchange Limited (‘ZSE’) is a licensed securities exchange in terms of the Securities and Exchange Act (24:25).

 

 

 

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