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Zimbabwe Stock Exchange Cuts Jobs After Trading Slumps

Harare, Zimbabwe, Capital Markets in Africa: The Zimbabwe Stock Exchange is cutting jobs and will soon announce a strategy to generate additional income after revenue fell by half in 2015 and has shown little sign of recovery this year, its chief executive officer said. Zimbabwe has suffered deflation for the past 18 months because of a fall in consumer demand and the economy is half the size it was in 2000. Cash shortages in a country that…

African Stock Market March 2016: Bull rules, Egyptian equities rewards local investors with 22.4% gains

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LAGOS, Nigeria, Capital Markets in Africa — The Federal Reserve’s dovish stance on U.S. interest rates and a rebound in commodity prices fuelled an African-market rally in March, leading currencies to record monthly gains against the dollar. African equity market performance measured by country equity benchmark index returns ended in positive for the month, with eleven gainers and seven losers on the local currency basis. March’s average return of 2.3 percent was recorded across eighteen African…

African Stock Market February 2016: BRVM Bourse & Kenya Stocks reward local and foreign investors

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LAGOS, Nigeria, Capital Markets in Africa —Stronger commodity prices helped most African stock markets to rebound in February. The rally has been sparked by a rebound in commodity prices with gold up 21 percent from its December low. Commodities are rallying amid more optimism over economic growth in China, while negative interest rates in countries like Japan and Switzerland are increasing the appeal of gold as a safe haven. Consequently, African equity market performance measured by country equity benchmark index returns…

Zimbabwe Equity Markets | 19 Oct 2015: ZSE Industrial Index starts week in red, ZSE down 0.07%, Market Cap down by US$2 Mill….

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Harare, Zimbabwe, Capital Markets in Africa — The Zimbabwe Stock Exchange (ZSE) industrial index started the week today in the red zone as the main index fell during the days trading while the mining index continued to remain flat. The Industrial Index retreated by 0.10 points to close 130.98 points, down by 0.07 percent. The ZSE Industrial index year-to-date settled at 19.54 percent. The market capitalisation ended at US$3,420 billion down by US$2 million compared to the US$3.422 billion recorded in the previous session. The market activity today recorded a turnover…

Zimbabwe Equity Markets | 16 Oct 2015: ZSE Industrial Index enters green zone, up 0.35%, Mining remains flat, Market Cap up by US$12 Mill….

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Harare, Zimbabwe, Capital Markets in Africa — The Zimbabwe Stock Exchange (ZSE) industrial index ended the week today moving into the green zone as the main index rose during the days trading while the mining index remained flat. The Industrial Index gained by 0.46 points to close 131.08 points, up by 0.35 percent. The ZSE Industrial index year-to-date settled at 19.47 percent. The market capitalisation ended at US$3,422 billion up by US$12 million compared to the US$3.410 billion recorded in the previous session. The market activity today recorded a turnover…

Zimbabwe Equity Markets | 15 Oct 2015: ZSE Industrial Index retreats 0.16%, Mining out of slump up 0.46%, Market Cap down US$3 Mill….

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Harare, Zimbabwe, Capital Markets in Africa — The Zimbabwe Stock Exchange (ZSE) industrial index ended the session today moving further into the red zone as the main index fell during the days trading while the mining index finally came out of its slump. The Industrial Index lost by 0.12 points to close 130.62 points, down by 0.16 percent. The ZSE Industrial index year-to-date settled at 19.76 percent. The market capitalisation ended at US$3,410 billion down by US$3 million compared to the US$3.413 billion recorded in…

Zimbabwe Equity Markets | 14 Oct 2015: ZSE Industrial Index retreats further into red zone, Market Cap down by US$4 Mill….

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Harare, Zimbabwe, Capital Markets in Africa — The Zimbabwe Stock Exchange (ZSE) industrial index ended the session today retreating further into the red zone as the main index fell again during the days trading. The Industrial Index lost by 0.16 points to close 130.74 points, down by 0.12 percent. The ZSE Industrial index year-to-date settled at 19.68 percent. The market capitalisation ended at US$3,413 billion down by US$4 million compared to the US$3.417 billion recorded in the previous session. The market activity today recorded a turnover of…

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