Zimbabwe Stock Exchange (ZSE) Live
|ZSE-IND Index||Year-to-Date||Market Cap.|
|517.71 (+0.48)||+373.18 (258.2%)||USD 13.24Bn|
The Zimbabwe Stock Exchange (ZSE) is the official stock exchange of Zimbabwe, bringing together companies looking for long-term capital and investors looking for stable investment opportunities. The Exchange maintains two primary indices: the Mining Index (comprising mining companies) and the Industrial Index (comprising all companies except those in the former thus regarded as the benchmark index of the Zimbabwean capital market). Since August 2009, sale of listed securities on the ZSE has been subject to 1% withholding tax on the gross, however, exempt from the general capital gains tax of 20%. Additionally, both resident and non-resident shareholders are equally liable to a 10% special tax rate on dividends earned from companies listed on the ZSE, which is 500 basis points below the general rate of 15% on unlisted companies. Barclays Bank of Zimbabwe and Stanbic Bank of Zimbabwe offer custodial services to both local and foreign investors.
|Top Gainers (7)||Bottom Losers (6)|
As of June 2017, the ZSE lists 63 securities on its official trading board. Common stock, preferred stock (a.k.a. preference shares) and convertible debt instruments are the types of investment products currently traded on the Exchange. Since February 2009, share prices have been quoted in the US Dollar currency (the legal tender on the bourse) consequent to the country's hyperinflation which rendered the Zimbabwean Dollar impractical for trading on the stock market.
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ZSE TRADING SUMMARY FOR FRIDAY, OCTOBER 20, 2017: At the end of the last day of trading on the Zimbabwe Stock Exchange, a total of 72,568,828 shares, corresponding to a market value of USD 9,636,193.00, were traded. 26 equities participated in trading, ending with seven gainers and six losers. ARTD led the gainers with 8.33% share price appreciation, followed by FMP (+7.14%), FMHL (+6.02%) and ZPI (+3.85%). On the losing front, WILD came out bottom with an end-of-day price depreciation of 6.25%, followed by ZBFH (-2.5%), ECO (-0.31%) and ZIMW (-0.25%). FMP recorded the highest volume of 66 million traded shares, followed by ZPI (2.9m), ECO (1.37m) and SACL (617,578). Regarding the performance of ZSE market indices, the benchmark ZSE Industrial Index (ZSE-IND) went up by 0.48 (0.09%) points to close at 517.71, representing a 1-week gain of 2.45%, a 4-week gain of 41.42%, and an overall year-to-date gain of 258.2%. The ZSE Mining Index (ZSE-MIN) also increased by 0.64% to reach 128.87 points, making it a 1-week loss of 8.85%, a 4-week gain of 29.3%, and a year-to-date gain of 120.25%.