VFEX market capitalisation up 25% in Q3

The Victoria Falls Stock Exchange market capitalisation for Q3 2022 jumped up 25% to close at $341million from the previous quarter.

VFEX which now has four listings– SeedCo International, Bindura Nickel Corporation, Caledonia Mining Corporation and Padenga Holdings Limited- announced this in their newsletters saying the increases represents a 76% increase year on year.

The All Share Index increased by 24% from Q2 2022 to Q3 2022 to close at 143.16 points while Year-to-date turnover stood at $9million

VFEX reported a turnover of $595,000 in Q3, an 81% decline from the previous quarter but representing a year on year 26% increase on the $473,000 recorded in

Trades went up slightly in Q3 2022 to end at 336 compared to 328 in Q2 2022 to make a year-to-date total of 1,343.
In the newsletter the bourse also talks of VFEX Direct introduced on 1 September 2022:

“VFEX Direct is an online trading platform specifically designed for retail investors. VFEX Direct provides investors with an easy and convenient way to buy and sell securities listed on The Victoria Falls Stock Exchange.

VFEX Direct is accessible through the web portal (www.vfexdirect.vfex.exchange) and mobile application (Google Play Store and Apple App Store)