THE Victoria Falls Stock Exchange (VFEX), a US dollar-denominated bourse, has recorded an impressive 36,68 percent year-to-date gain, a substantial leap from the 15 percent gain achieved last year, highlighting its potential to shield investors from local currency volatility.
This is on the back of massive gains across board with five counters having recorded gains of more than 50 percent.
Padenga is the top performer, with a 143,6 percent gain year to date.
Taking to social media platform X, ZSE chief executive officer Justin Bgoni said the rewards on the VFEX are even more when dividends are added.
“On top of this you need to add dividend return and then you get a general idea of how good …. it has been on VFEX,” tweeted Mr Bgoni.
Market capitalisation swelled by 79,42 percent year to date to US$1,7 billion, adding more than US$200 million since August 29, partly due to strong performance in existing companies and the recent listing of Kavango Resources.
The growth solidifies the exchange’s reputation not just as a trading venue but as a long-term investment platform for building wealth and achieving financial security. Analysts say the VFEX’s unique operating model, which allows for transactions in United States dollars within a Special Economic Zone, is a powerful draw for both domestic and international investors.
This structure provides a stable environment and the opportunity for hard-currency returns.
The head of markets at VFEX, Mr Robert Mubaiwa recently noted a significant and growing interest from mining companies seeking fresh capital. The exchange has already facilitated successful capital raises for several firms.
Caledonia raised US$12 million, Karo Resources secured US$36 million, with US$25 million coming from local sources.
Eagle Reit and Invictus raised US$19,5 million, respectively.
Mr Mubaiwa emphasised the bourse’s reliability and efficiency, saying that every trade since its inception in 2020 has been settled on time.
This perfect settlement record is a crucial confidence builder for investors, ensuring a secure and dependable trading experience.
