ZSE update on operational changes

 Staff Reporter

The Zimbabwe Stock Exchange (ZSE) updated the nation on operational changes which will be effected from 3 May 2022.

In a statement yesterday, ZSE Chief Executive Officer, Jason Bgoni said, “The Zimbabwe Stock Exchange Limited (ZSE) would like to notify all stakeholders of the following operational changes with effect from 3rd of May 2022.”

Bgoni mentioned the changes which includes, reduction of circuit breakers for all counters trading above ZWL1 from plus or minus 20 percent to plus or minus 15 percent, reduction of circuit breakers for penny stocks (all stocks with a market price below ZWL1) from 100 percent to 20 percent and the introduction of a market wide trading halt of 30 minutes for index movement (ZSE All Share) of plus or minus 10 percent in a trading session.

Bgoni said that the changes had been necessitated by a benchmarking exercise undertaken by the ZSE against other comparable stock exchanges in the region and beyond. He further said that the ZSE will continue  to review its operations in line with market developments.