Thursday, November 15, 2018
By Jeffrey Gogo There is a bloodbath on the cryptocurrency markets. From Ripple to the mother of all digital currencies Bitcoin, the floor is red amid panic selling and rumours of price manipulation. This week Bitcoin fell below $6 000 on global markets for the first time in three months, according...
Mamvura’s Market Minute Nampak’s quarterly update at its AGM once again gives us an indication that Command Agriculture liquidity abounds. Up 16 percent on the quarter (versus Delta’s 24 percent), it is not immediately apparent how much of it came from higher prices and how much from volumes. As indicated with...
HARARE – The Zimbabwe Stock Exchange’s All Share Index slid a further 0.29 points to settle at 90.55 as four counters lost ground. Cigarette producer BAT fell $1, 0000 to close at $27, 9500, while SeedCo dropped $0, 0193 to $1, 9500 while Ariston slipped $0, 0028 to trade at...
By Jeffrey Gogo More than $6 million worth of Bitcoin was traded on digital currency exchange Golix last year, as Zimbabweans spent $1,8 million paying for goods and services abroad using cryptocurrencies. That’s the equivalent of 60 Bitcoin sent out. Much of the payments covered school fees, cars and rent for university...
Mamvura’s Market Minute January on the ZSE has ended with trades totalling $34,71 million. At first this may appear to be a reasonable amount following on from the record 2017. Yes, it is the biggest in recent years, but January has proven to be a good month in the past due...
HARARE – The Zimbabwe Stock Exchange’s All Share Index was marginally up by 0.01 points (or 0, 01 percent) to close at 91.37 as giant insurer Old Mutual shifted up by $0, 0908 to close at $5, 2000, while cement producer PPC rose by $0, 0500 to end at...
HARARE – The Zimbabwe Stock Exchange’s All Share Index opened Monday on a high note adding 0.09 points (or 0, 10 percent) to settle at 91.36 as giant insurer Old Mutual gained $0, 1092 to close at $5, 1092, while Nampak rose by $0, 0079 to $0, 1800 while...
Jeffrey Gogo Cryptocurrency exchange Golix crashed this week, as panicky investors feared the worst on speculation the platform may have been attacked by hackers, making off with 12 Bitcoins, or the equivalent of over $200 000. Golix went offline the morning of January 21 for more than 14 hours in an...
Kudzanai Sharara Market correction on the Zimbabwe Stock Exchange continued with bears dominating trades for the five trading days to Wednesday this week. Since the start of the year the stock market has been bearish closing in the negative territory in 12 out of the 17 trading sessions so far in...
Mamvura’s Market Minute You don’t even need to be business to know that the biggest problem facing this country is forex. This has fed into the economy in a multitude of ways and created the multi-tier pricing system that we face today. Of course there is profiteering by some in...