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The Zimbabwe Stock Exchange started using its automated trading system (ATS) successfully on 6 July with rising volumes. It is a long-awaited change as the boursed move away from call over.
The Zimbabwe Stock Exchange (ZSE) has announced that it did not launch electronic trading today as planned and this has been delayed indefinitely.
Electronic share trading is to go live today, 3 July, at the Zimbabwe Stock Exchange. There are new trading hours and only dematerialized securities can trade.
The value of trading on the Zimbabwe Stock Exchange fell 22% in the first quarter of 2015 (compared to 2014), the bourse has been hit by controversies and several delistings.
Chengetedzai Depository Company Ltd, Zimbabwe’s central securities depository (CSD), was reported that the last securities had been brought on board in March 2015.
Zimbabwe Stock Exchange moved to its new premises 44 Ridgeway North Highlands, Harare on 1 April.
Electronic trading is coming to Zimbabwe Stock Exchange under a contract with InfoTech Group, and Chengetedzai Depository Company Ltd says 3 listed companies will be electronic from 8 Sept.
Malawi came out as Africa’s top-performing exchange to USD-based investors over 2013 with a strong 62.4% return. Eight out of 13 African exchanges beat the S&P 500.
Foreign inflows on the Zimbabwe Stock Exchange rose by nearly 40% in 2013, with more coming in the second half. However, capital-raising plummeted compared to 2012.
The main index of the Zimbabwe Stock Exchange climbed 31%, writes Ryan Hoover, as part of the reviews of top-performing African stock exchanges, check his excellent website www.investinginafrica.net.