Financial Securities Exchange (Private) Limited (FINSEC) is licensed by the Securities and Exchange Commission of Zimbabwe as a Securities Exchange (Alternative Trading Platform).

FINSEC harnesses and facilitates electronic trading of a wide variety of securities, thereby formalising marginalised market segments and bringing all alternative trading activities on to a central and organised market place. FINSEC provides a world class electronic platform for the issuance, holding, trading and settlement of financial securities.

There are no extra costs except the usual transaction costs which comprise of bank charges and statutory taxes. The current statutory taxes amount to 1.035% of the buying costs when one is buying a security other than a debt security and derivatives, and 2.785% of the selling costs when one is selling a security other than a debt security and derivatives.

Equities, bonds, and Derivatives.

Any individual or legal entity can trade securities on FINSEC.

Trading using on FINSEC Equities Market using  C-TRADE is very secure. The process requires authorisation through PINs only known by the account holder thereby ensuring security of shares and funds.

The transaction process requires prepayment for the deal to settle thereby ensuring that only funded deals will settle in the normal 3-day process.

Should you need help get in touch with FINSEC on email- info@finsec.co.zw or website www.finsec.co.zw. If in relation to C-TRADE call the C-TRADE helpdesk oh the following toll-free numbers

Econet subscribers—08080277

Netone subscribers—08010077

Live chat on web portal

Email  C-TRADE on ctrade@escrowgroup.org

Whatsapp 0737594405

The transaction process requires prepayment for the deal to settle thereby ensuring that only funded deals will settle in the normal 3-day process.

There are no extra costs except the usual transaction costs which comprise of bank charges and statutory taxes. The current statutory taxes amount to 1.035% of the buying costs when one is buying a security other than a debt security and derivatives, and 2.785% of the selling costs when one is selling a security other than a debt security and derivatives.

The  FINSEC market opens at 8:00am and closes at 16:00pm from Monday to Friday

FINSEC is regulated by the Securities and Exchange Commission of Zimbabwe (“SECZ”) in terms of the Securities and Exchange Act (24:25). The SECZ:

• Aims to protect investors and maintain fair, orderly and efficient markets;
• Advocates for stronger protections and a healthier market place;
• Believes it is every investor’s right to be protected against misleading, manipulative or fraudulent practices by market players. Investor protection is therefore mandatory and automatic once an investor participates in the capital markets.

In addition to the Act the SECZ also administers the Asset Management Act (24:26) and the Collective Investments Schemes Act (24:19).

FINSEC administers Listings Requirements for security issuers, Members and Trading Rules for Securities Traders. These measures are meant to ensure market integrity and ensure that investments can be made safely.

It is important to note that investing in the capital market is risky as there are equal chances of one losing money or making positive returns. Returns on capital market products arises from two sources, the movement of prices (Capital Gains/losses) and distributions made by the security issuers from time to time (dividends, interest, bonus shares etc).

You should be able to analyse each available product and make a determination as to its investment potential. If you are unable to analyse or make investment selection, it is recommended that you seek assistance from your stockbroker or other professional financial advisors.

Be long term minded

Stock market investment is for long term minded investors. Although short term gains and losses may be encountered, your investment decisions should be more long term focused. Being long term minded does not mean keeping a blind eye to profitable short term opportunities that may not be repeated or keeping a blind eye to risk warning parameters that may hamper the investment’s long term appeal.

Shares

Shares represent part-ownership in a business concern. If you buy shares of a listed company, you become a shareholder and become vested with shareholder rights which include voting at the company’s Annual General Meetings. To invest in shares, one can engage a licensed securities dealer or directly through the C-TRADE platform. A list of licensed Securities dealers is available on the SECZ, ZSE and FINSEC websites.

The Initial Public Offering price per share and the actual mechanics of what happens may be considered complicated, but the basic idea is simple economics: the price is set as the number which balances supply and demand. Specialists such as financial analysts, fund managers and securities dealers carry out calculations and valuations to determine the initial or opening price of a share when it gets listed on a stock exchange.

The secondary market on FINSEC functions like an auction meaning buyers and sellers of securities are lining up on either side for a potential trade, one party willing to buy and the other willing to sell its ownership. When the two agree on a price, a trade is matched and that becomes the new market quotation.