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Finsec to launch new depository receipts
Enacy Mapakame Financial Securities Exchange Limited (Finsec), will soon launch new financial instruments — depository receipts — on its exchange that will allow local investors to buy financial instruments with ease in companies that are listed outside Zimbabwe. Depositary receipts are negotiable certificates issued by a bank representing shares in a foreign company traded on […]
Finsec to launch derivatives system
Panashe Chikonyora and Chipo Chaumba Financial Securities Exchange Limited (Finsec) says it will soon launch an electronic trading system for derivatives on its securities platform. The company said the system will enhance transparency, promote diversification as well as curb the dangers associated with existing methods. Derivatives are financial securities with a value that is reliant […]
SMEs share trading portal nears finality
Enacy Mapakame Business Reporter The Financial Securities Exchange Limited (Finsec) says significant progress has been made towards operationalising its Growth Enterprise Market (GEM) portal for Small to Medium Enterprises (SMEs) with a draft framework now in place. The framework will also guide the disbursement of the $500 million venture capital fund, set aside by the […]
SMEs scramble for Growth Enterprise Market
The Financial Securities Exchange Limited (Finsec) says Small to Medium Enterprises (SMEs) from across the sector are scrambling to register for on-boarding on its Growth Enterprise Market (GEM) portal a month after its launch. The GEM portal is a dedicated online platform designed for SMEs in need of raising capital for retooling operations, increase productivity, […]
Kumusha Power eyes FINSEC listing
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 […]
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 […]
Enacy Mapakame Financial Securities Exchange Limited (Finsec), will soon launch new financial instruments — depository receipts — on its exchange that will allow local investors to buy financial instruments with ease in companies that are listed outside Zimbabwe. Depositary receipts are negotiable certificates issued by a bank representing shares in a foreign company traded on […]
March 19, 2020 Read More
Panashe Chikonyora and Chipo Chaumba Financial Securities Exchange Limited (Finsec) says it will soon launch an electronic trading system for derivatives on its securities platform. The company said the system will enhance transparency, promote diversification as well as curb the dangers associated with existing methods. Derivatives are financial securities with a value that is reliant […]
March 17, 2020 Read More
Enacy Mapakame Business Reporter The Financial Securities Exchange Limited (Finsec) says significant progress has been made towards operationalising its Growth Enterprise Market (GEM) portal for Small to Medium Enterprises (SMEs) with a draft framework now in place. The framework will also guide the disbursement of the $500 million venture capital fund, set aside by the […]
The Financial Securities Exchange Limited (Finsec) says Small to Medium Enterprises (SMEs) from across the sector are scrambling to register for on-boarding on its Growth Enterprise Market (GEM) portal a month after its launch. The GEM portal is a dedicated online platform designed for SMEs in need of raising capital for retooling operations, increase productivity, […]
February 12, 2020 Read More
A bull market or a bull run refers to a stock market that is characterised by a sustained rise in share prices with most counters trending upwards. Bull runs normally occur when investors believe the positive trend will continue for the long term. Bull runs present an opportunity for investors to take advantage of rising […]
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
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 […]
| Market Cap (ZWL) | 2,739,386,727.00 |
| Turnover (ZWL) | 0 |
| Traded Volume | 0 |
| Close | |
|---|---|
| FINSEC | 375.79 |
| BSE DCI | 7,439.46 |
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| EGX 30 | 13,958.11 |
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| MASI | 1,441.98 |
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| Rate | |
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| USD | 14.8057 |