The Zimbabwe National Stock Market Index (ZNSI) has been launched to provide a comprehensive view of the performance of companies listed on the Zimbabwe Stock Exchange (ZSE), Victoria Falls Stock Exchange (VFEX), and the Financial Securities Exchange (FINSEC).
The index is designed to facilitate the ease of comparison of listed companies’ performance and is calculated using the market capitalization-weighted method.
Key features of the ZNSI include base value of 100 basis points, making it easily accessible and comparable for both domestic and international investors, currency, to be denominated in USD, ensuring a consistent and transparent valuation process and market capitalization for companies listed on ZSE and FINSEC.
It will be converted to USD at the prevailing exchange rateThe launch of the ZNSI is expected to serve as a vital tool for investors, analysts, and other stakeholders in assessing and tracking the overall performance of the Zimbabwean stock market. It is intended to promote transparency, efficiency, and growth within the Zimbabwean capital markets.
