ZSE extends gains to 2 sessions
…as Imara says investors see a local bourse as ‘closed for their business’ By ETimes The Zimbabwe Stock Exchange (ZSE) strengthened 1.24% on Tuesday, occasioned by gains mostly in mid-tier…
Imara says more companies are likely to change their functional currency to USD
By ETimes A number of Zimbabwean companies are likely to switch to the greenback as the functional currency as the majority of their revenues are now in US dollars, says…
Gains at week opening for ZSE
By ETimes The Zimbabwe Stock Exchange (ZSE) recorded was back to winning ways when it recorded gains on Monday after a week of losses. The bourse broke the five session…
FBC Securities says growth to be lower than 4.6%
By ETimes FBC Securities said the country might be entering a recession which will affect the revised growth target set by the Treasury in its mid-year budget review. The global…
Edgars believes further FX trading relaxation will raise USD generation to fund imports
By ETimes Edgars says trading in foreign currency has allowed its retail chains to boost their stock selections, which has improved customer traffic. Given the Zimbabwean dollar’s volatility, there is…
Stocks close lower on Friday to remain bearish
By ETimes The Zimbabwe Stock Exchange maintained its bearish position on Friday as market indicators dropped further amid selling pressure in heavyweight stocks. Market breadth, which gauges investors’ sentiment towards…
Fastjet says no guarantee of continued future access to legacy loan facility
By ETimes The Reserve Bank of Zimbabwe (RBZ) has permitted Fastjet Zimbabwe to draw funds from the legacy loan in local currency in the interim to pay off its creditors.…
EcoCash to leverage the EcoCash brand
By ETimes The listed financial services firm EcoCash Holdings has said its name change from Cassava Smartech will give it more power to focus on the brand EcoCash. EcoCash chairperson Mrs…
Gold deliveries impressive in September
By ETimes Gold deliveries to Fidelity Printers and Refinery (FPR) in the nine months to September 2022 grew by 35,31 percent to 25,67 tonnes sustaining an upward trajectory in the…
Equites shrinks further as investors lose $61.47bn
By ETimes The local bourse closed on a bearish note on Thursday as market capitalization closed at $1.66 trillion, down from $1.72 trillion the previous day, a loss of $61.47…