Browsing: Simbisa Brands

Stock market indices and how to trade them smooth volatility. www.theexchange.africa

According to an article by Forbes dated June 23, 2022, the world’s first stock index appeared in July 1884 when the ‘Dow Jones Transportation Index’ was published in the US by newspaperman Charles Dow. The index comprised 11 transport stocks including nine railway companies, a steamship company and a telegraph operator.

The index average was calculated by adding all its share prices together and dividing the total by 11 – the number of shares.

There’s a more in-depth look at the indices on the ZSE, along with the profiles for the fourth quarter of 2022 put together.

ZSE said that indices provide the market with better performance apparatus and assist in choosing sector-based investing strategies.

This will make it the fifth stock to list on the USD exchange joining SeedCo International, Padenga Holdings, Caledonia Mining Corp and Bindura Nickel Company and might provide the necessary momentum the exchange desperately needs.

The VFEX is a subsidiary of ZSE that was established some two years ago to exclusively trade in foreign currency and position itself as a regional offshore capital market to attract global investors.

The group operates a network of 524 owned restaurants under Chicken Inn (140 restaurants), Pizza Inn (129), Creamy Inn (87), Bakers Inn (58), Galito’s Africa (36), Nando’s (14), Steers (9) and other (51) brands such as Rocomama’s (Zimbabwe Only) and Vida E Caffé, located in Zimbabwe, Kenya, Zambia, Ghana, Mauritius and Namibia. Simbisa listed on the ZSE in 2015.