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139.64 | +0.42%
13.8974 | +0.94%
49,256.10 | -1.34%
45.90 | -0.12
Finsec adds unit trusts
Enacy Mapakame Business ReporterFinancial Securities Exchange Limited (Finsec) will now start admitting unit trusts as it broadens channels by which investors can use as a hedge against obtaining inflationary pressures. The unit trusts will be open for both institutional and retail investors, although the main target is the latter as the country is getting more […]
Securities market myths
This week we look at some popular investing myths and try to dispel them, because following them blindly can be dangerous and lead to people making incorrect investment decisions. Investing in securities is just like gambling Gambling takes money from a loser and gives it to a winner, and no value is ever created. Whereas […]
Shot in the arm for users with busy schedules
C-TRADE is focused on creating convenience and increasing participation and activity on the stock market. It gives an opportunity to the Zimbabwean citizenry to save, invest and earn through investments on the stock markets. For people with busy schedules who cannot afford to be constantly looking out for changes in the share prices to make […]
Capital markets low hanging fruits — Escrow
BY TATIRA ZWINOIRA Escrow Group CEO Collen Tapfumaneyi says there are huge opportunities to increase financial inclusion through the capital markets. Speaking at the inaugural “Investor Day Conference” last week, Tapfumaneyi said that capital markets held immense potential to contribute to the economy. “Zimbabwe in particular and Africa at large has huge potential. We are […]
Micro-finance firm raises $5 million capital
Business Reporter Micro-finance firm Untu Capital, has raised its targeted $5 million in an issuance of tradable bonds after successfully issuing the third and final tranche of $2 million on the Financial Securities Exchange (Finsec). Bonds are a debt instrument offered to the market to raise capital. Initially, Untu Capital raised $1 million from the […]
Untu to raise $2m from market
UNTU Capital will raise another $2 million from the U-Gain medium term note instrument from the market shortly, following the success of its initial offering, which it says was oversubscribed by 72,45%. BY TATIRA ZWINOIRA Last month, Untu Capital introduced a $5 million Capital Medium Term Note called U-Gain, a debt instrument that the company […]
FINSEC comes alive as investors embrace platform
HARARE — Zimbabwe’s alternative trading platform, Financial Securities Exchange (Finsec) recorded a total turnover of $1,2 million in November, the highest since its inception, as investors seeking diversification embrace the platform. On Wednesday, Infrastructure Development Bank of Zimbabwe (IDBZ) became the second to list on the alternative trading platform, after listing its infrastructure bonds, which […]
IDBZ to list bonds on FINSEC
The Infrastructure Development Bank of Zimbabwe (IDBZ) will list two bonds on the fixed income board of the Financial Securities Exchange (FINSEC) tomorrow as it moves to broaden market participation in the trading of the debt security. BY BUSINESS REPORTER Those that will be able to participate include stock broking firms, custodians and qualifying individuals […]
2 million Old Mutual shares trade on ATP
Business Reporter More than two million Old Mutual Zimbabwe shares have traded on the Financial Securities Exchange (FINSEC) Alternative Trading Platform (ATP) board since December 2016, official figures have shown. Old Mutual Zimbabwe (OMLZ) is the only counter that is listed on the ATP although there are reports that a second listing is expected soon. According to […]
High ethical standards in the capital market, a key to economic growth.
High ethical standards are critical to maintaining the public’s trust in the capital markets. FINSEC seeks to serve the public interest through the development and promotion of internationally recognised professional and ethical standards that have universal application across the entire spectrum of the capital markets. The Financial Securities Exchange offers a transparent and connected financial […]
BY FIDELITY MHLANGA GOODBOOK Investments trading as Kumusha Power, envisages to list on the Financial Securities Exchange ((Finsec) platform next month to raise capital, in what would be the first energy initial public offer (IPO). Speaking at the Institute of Chartered Accountants of Zimbabwe Winter School in Sun City, South Africa last week, the company’s […]
January 14, 2020 Read More
BY FIDELITY MHLANGA GOODBOOK Investments trading as Kumusha Power, envisages to list on the Financial Securities Exchange ((Finsec) platform next month to raise capital, in what would be the first energy initial public offer (IPO). Speaking at the Institute of Chartered Accountants of Zimbabwe Winter School in Sun City, South Africa last week, the company’s […]
Enacy Mapakame Business ReporterFinancial Securities Exchange Limited (Finsec) will now start admitting unit trusts as it broadens channels by which investors can use as a hedge against obtaining inflationary pressures. The unit trusts will be open for both institutional and retail investors, although the main target is the latter as the country is getting more […]
June 16, 2019 Read More
This week we look at some popular investing myths and try to dispel them, because following them blindly can be dangerous and lead to people making incorrect investment decisions. Investing in securities is just like gambling Gambling takes money from a loser and gives it to a winner, and no value is ever created. Whereas […]
June 10, 2019 Read More
C-TRADE is focused on creating convenience and increasing participation and activity on the stock market. It gives an opportunity to the Zimbabwean citizenry to save, invest and earn through investments on the stock markets. For people with busy schedules who cannot afford to be constantly looking out for changes in the share prices to make […]
BY TATIRA ZWINOIRA Escrow Group CEO Collen Tapfumaneyi says there are huge opportunities to increase financial inclusion through the capital markets. Speaking at the inaugural “Investor Day Conference” last week, Tapfumaneyi said that capital markets held immense potential to contribute to the economy. “Zimbabwe in particular and Africa at large has huge potential. We are […]
Business Reporter Micro-finance firm Untu Capital, has raised its targeted $5 million in an issuance of tradable bonds after successfully issuing the third and final tranche of $2 million on the Financial Securities Exchange (Finsec). Bonds are a debt instrument offered to the market to raise capital. Initially, Untu Capital raised $1 million from the […]
June 25, 2018 Read More
UNTU Capital will raise another $2 million from the U-Gain medium term note instrument from the market shortly, following the success of its initial offering, which it says was oversubscribed by 72,45%. BY TATIRA ZWINOIRA Last month, Untu Capital introduced a $5 million Capital Medium Term Note called U-Gain, a debt instrument that the company […]
January 31, 2018 Read More
HARARE — Zimbabwe’s alternative trading platform, Financial Securities Exchange (Finsec) recorded a total turnover of $1,2 million in November, the highest since its inception, as investors seeking diversification embrace the platform. On Wednesday, Infrastructure Development Bank of Zimbabwe (IDBZ) became the second to list on the alternative trading platform, after listing its infrastructure bonds, which […]
December 5, 2017 Read More
The Infrastructure Development Bank of Zimbabwe (IDBZ) will list two bonds on the fixed income board of the Financial Securities Exchange (FINSEC) tomorrow as it moves to broaden market participation in the trading of the debt security. BY BUSINESS REPORTER Those that will be able to participate include stock broking firms, custodians and qualifying individuals […]
November 28, 2017 Read More
| Market Cap (ZWL) | 996,140,616.00 |
| Turnover (ZWL) | 0 |
| Traded Volume | 0 |
| Close | |
|---|---|
| FINSEC | 375.79 |
| BSE DCI | 7,439.46 |
| DSE ASI | 1,930.47 |
| EGX 30 | 13,958.11 |
| GSE-CI | 2,224.42 |
| JSE ASI | 56,406.89 |
| LuSE ASI | 4,371.04 |
| MASI | 1,441.98 |
| MSE ASI | 9,550.18 |
| NGSE ASI | 7,698.69 |
| NSE ASI | 4.98 |
| NSX OI | 267.87 |
| RSE ASI | 24.98 |
| SEM ASI | 1,955.62 |
| TUNINDEX | 7,105.16 |
| USE ASI | 1,549.35 |
| ZSE Ind. | 654.89 |
| Rate | |
|---|---|
| AED | 0.2484 |
| GBP | 18.4436 |
| ZAR | 1.0071 |
| BWP | 1.352 |
| CHF | 14.931 |
| CAD | 11.148 |
| AUD | 10.0229 |
| SEK | 0.6576 |
| JPY | 7.2809 |
| NOK | 0.6137 |
| EUR | 16.2923 |
| INR | 4.7936 |
| USD | 14.8057 |
| BWP | 9.51 |