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Stocks shed US$900m in 12 months

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HARARE


The Zimbabwe Stock Exchange shed more than US$896 million in value since automation on July 6, 2015, and now authorities are pushing through plans for further innovations to make local capital markets efficient and accessible to investors. However, last year’s automation linked computerised trading of stocks with a computer-based central securities depository (CSD).The CSD operates an electronic book entry system. It maintains securities, which are kept in electronic form in the investor’s account, and registers their transfer. The CSD had went live on September 8, 2014. Modernising the bourse was envisaged to drive trading volumes through attracting more investors. – , Sundaymail

 

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