Online Reporter
Chronicle Writer
THE Victoria Falls Stock Exchange (VFEX) recorded its highest-ever turnover yesterday reaching an impressive US$40 172 089,04 in trade value.
The total volume traded for the day stood at 1 134 336 422 shares, setting a new benchmark for the fast-growing bourse.
The milestone significantly surpasses VFEX’s previous record of US$17 595 419,45 achieved last year, marking a major leap in market activity.
VFEX, a foreign currency-denominated stock exchange launched in 2020, continues to position itself as Zimbabwe’s premier trading platform for investors seeking offshore capital-raising opportunities. The surge in turnover highlights increasing investor confidence and growing participation in the exchange.
The record-breaking trade signals strong market momentum, with VFEX attracting more listings and cross-border investments. Analysts suggest that this could be driven by improved liquidity, rising demand for USD-denominated stocks, and broader participation by institutional investors.
The VFEX’s growth comes at a time when Zimbabwe is seeking to deepen its capital markets and enhance the appeal of the local financial sector to both domestic and international investors.
More details on the trading activity and key drivers behind the surge are expected in VFEX’s official market report.
