Zimbabwe's stock exchange adopts electronic system

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By Staff Reporter

ZIMBABWE'S bourse launched an electronic trading board on Thursday, becoming the third African country to move from a manual system and paving the way for investors' to have access to real time data, officials said.

The system, makes the Zimbabwe Stock Exchange (ZSE) the third after Johannesburg and Cairo, and the 60th in the world to install an electronic display, which will also supply data from the Zambian and Malawian bourses.

"We hope we will be able to improve our liquidity and turnaround in terms of how we have been trading," ZSE Chief Executive Emmanuel Munyukwi told Reuters after the launch.

"Previously, we were calculating our indices manually ... now its real time, even when we are trading, we are churning out those figures. It will be good for the investor because we will be able now to disseminate the information much more quickly and much more reliably."

The Zimbabwe bourse, the second largest in southern Africa after the Johannesburg Stock Exchange, boasts 80 counters and has a market capitalisation of around $6 billion.

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