adminTHE Zimbabwe Stock Exchange has announced the suspension from trading of CFI Holdings Limited’s shares to allow for the publication of audited financial statements for the year ended 30 September 2015 and investigations into trading done during the closed period.
In a statement on Friday, ZSE said trading of the company’s issued shares, which was executed on the ZSE during the closed period, was reported to the Securities and Exchange Commission of Zimbabwe.
“The ZSE temporarily halted trading in the company’s shares with effect from 27 January 2016 pursuant to Paragraph 4.13.2 of the ZSE Automated Trading System Rules and Procedures pending finalisation of the due processes. The suspension of trading in the company’s shares was effected on 29 January 2016.
“In terms of Paragraph 1.8 in Section 1 of the ZSE Listings Requirements, the company should continue to discharge its obligations to the shareholders and the ZSE after the suspension,” said ZSE.
Meanwhile, the Industrial index closed the week on Friday on a high note adding 0.39 points (0,38 percent) to settle at 103.04 points.
Innscor led the movers with a $0,0070 gain to close at $0,2070, Econet advanced by $0,0058 to $0,2297 while OK Zimbabwe rose by $0,0024 to trade at $0,0400.
derick.khumalo