Sign in Subscribe
Stock exchanges

Zimbabwe Stock Exchange Sees Bullish Prospects Amid Growth in Quoted Investments

Strategic Insights

— 1 min read

The Zimbabwe Stock Exchange (ZSE) is experiencing a surge in growth, driven by an increase in quoted investments, real estate investment trusts (REITs), and exchange-traded funds (ETFs). Chief Executive Officer Justin Bgoni notes that turnover for the first half of 2025 has doubled compared to the same period in 2024, with record turnover in July. The exchange is seeing improved liquidity, despite broader economic challenges, and is positioned for continued growth through its focus on product diversification and liquidity management.

Key Takeaways:

  • The Zimbabwe Stock Exchange (ZSE) has seen a significant increase in quoted investments and turnover, with a doubling of turnover in the first half of 2025 compared to the same period in 2024.
  • The Victoria Falls Stock Exchange (VFX), a subsidiary of the ZSE, has experienced a tripling of trading value in the first half of 2025 compared to the same period in 2024, driven by increased listings.
  • Investors are becoming more willing to trade on the VFX, reflecting growing confidence in the market's depth, with VFX trading as stable US dollar-denominated assets.
  • The ZSE plans to expand into digitised financial products, including digital commodities and currencies, and is preparing to introduce two ETFs and a long-term Government bond.
  • The exchange is also working on introducing digital asset expansion, such as tokenised financial instruments, with regulatory approvals expected by early next year.
  • Market performance continues to be influenced by macroeconomic conditions, including liquidity constraints, but the ZSE's strategy of increasing listings and new products aims to create a more dynamic market.

Statistics:

  • Turnover for the first half of 2025 doubled compared to the same period in 2024 (Source: Justin Bgoni, Chief Executive Officer, Zimbabwe Stock Exchange).
  • The Victoria Falls Stock Exchange (VFX) traded tripled in value in the first half of 2025 compared to the same period in 2024 (Source: Justin Bgoni, Chief Executive Officer, Zimbabwe Stock Exchange).
  • VFX turnover is at record levels since the introduction of the electronic trading platform (Source: Justin Bgoni, Chief Executive Officer, Zimbabwe Stock Exchange).

Sources:

  • Justin Bgoni, Chief Executive Officer, Zimbabwe Stock Exchange (Source not mentioned)
  • ZTN Prime's Beat the Market (Source not mentioned)

Read more