Chief executive officer, Emmanuel Munyikwi, said a number of companies were in the process of meeting the requisite capital requirements to enable to list. “We are hopeful of new listings this year. A number of companies are trying to meet their recapitalisation requirements, as they were starting from zero following the liberalisation of the economy,” said Munyuwkwi.
TN Holdings on Monday last week became the first company to list on the local bourse this year.
Trading on the ZSE opened on a subdued on note since the bourse re-opened on Monday last week after the annual shutdown. The volume of transactions during the opening week was way less than the US$2 million per day before the annual break. The first two days saw only US$700 000 a day being realised. Munyukwi said volumes of trade would definitely improve this week when all companies would have opened for business after a lengthy break during the festive season. The local bourse last year closed at a market capitalization of US$3,7 billion.
Post published in: Economy