Alternative market Finsec comes alive

HARARE, December 4 (The Source) – 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… Read More

ZSE edges higher on renewed confidence

HARARE, November 30 (The Source) – The Zimbabwe Stock Exchange advanced 1,51 percent on Thursday to close at 376,69 points while the mining index added 0,12 percent to settle at 126,86 points. The country’s new President Emmerson Mnangagwa has promised to revive the country’s ailing… Read More

Gains in heavyweights push ZSE higher

HARARE, November 29 (The Source) – The Zimbabwe Stock Exchange mainstream index added 5,44 percent to close at 371,09 points on Wednesday, attributable to gains by some heavyweights. The mining index added 0,06 percent to settle at 126,71 points. Market capitalisation stood at $10,6 billion… Read More

Axia operating profit doubles in Q1

HARARE, November 29 (The Source) -Specialty retail and distribution group Axia Corporation says operating profit during the first quarter to September 30 nearly doubled on prior period, setting the group up for positive earnings in the half-year.