ZSE changes trading operations

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The board said it anticipates the abridged financial statements will be published on June 30, 2020.

THE Zimbabwe Stock Exchange (ZSE) has adjusted trading operations to align with regional stock markets.

ZSECEO Justin Bgoni said in a statement that the changes, which are with effect from May 3, will see the local bourse reducing circuit breakers for all counters trading above $1 from +/-20 percent to +/-15 percent.

The ZSE will also reduce breakers for penny stocks (all stocks with a market price below $1) from 100 percent to 20 percent.

The ZSE will also introduce a market wide trading halt of 30 minutes for index movement (ZSE All Share) of +/-10 percent in a trading session.

“The above changes have been necessitated by a benchmarking exercise undertaken by the ZSE against other comparable stock exchanges in the region and beyond. The ZSE will also continue to review its operations in line with market developments,” Bgoni said.

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