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VFEX hits record performance
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The Victoria Falls Stock Exchange (VFEX) has achieved a remarkable year-to-date performance, solidifying its reputation as a leading US dollar-based bourse in the region. The exchange has surged 24 percent so far this year, driven by significant gains in key counters and growing investor confidence.
Thursday's trading session proved particularly impactful, with the All-Share Index climbing 4.96 percent to reach a new high. Padenga Holdings led the rally with an impressive 19.7 percent gain, while First Capital Bank, retail giant Edgars, and quick-service restaurant group Simbisa Brands also contributed to the surge. Last year, the VFEX posted a return of approximately 15 percent, highlighting its potential to shield investors from local currency volatility. The exchange's market capitalisation has grown to over US$1.45 billion, representing a 17.6 percent increase since the start of 2025. On Thursday, the market cap stood at US$1.5 billion, while the All-Share Index reached 128.93 points, surpassing the previous high of 123 points recorded in July 2025.
VFEX Chief Executive Justin Bgoni expressed confidence in the exchange, noting that many investors view their VFEX shares as long-term retirement plans, reflecting strong trust in the dollar-denominated bourse. He also highlighted that, including dividends, year-to-date returns are approaching 30 percent, underscoring the exchange's capacity to deliver robust returns for shareholders.
VFEX Head of Markets Robert Mubaiwa highlighted the growing interest from mining houses and other companies seeking capital through the bourse. Since its establishment in 2020 as a US dollar-based subsidiary of the Zimbabwe Stock Exchange, all trades on the VFEX have been settled on time, enhancing investor confidence. Several companies have successfully raised substantial funds through the VFEX, including Caledonia, Karo Resources, Eagle Reit, and Invictus. Meanwhile, Kavango Resources has extended the date for listing its shares on the exchange to 5 September 2025 as it completes the necessary compliance requirements.
The VFEX's robust performance, combined with its hard-currency structure, continues to make it an attractive destination for both local and international investors seeking stable, high-yield returns and a safe haven from local currency volatility.
Thursday's trading session proved particularly impactful, with the All-Share Index climbing 4.96 percent to reach a new high. Padenga Holdings led the rally with an impressive 19.7 percent gain, while First Capital Bank, retail giant Edgars, and quick-service restaurant group Simbisa Brands also contributed to the surge. Last year, the VFEX posted a return of approximately 15 percent, highlighting its potential to shield investors from local currency volatility. The exchange's market capitalisation has grown to over US$1.45 billion, representing a 17.6 percent increase since the start of 2025. On Thursday, the market cap stood at US$1.5 billion, while the All-Share Index reached 128.93 points, surpassing the previous high of 123 points recorded in July 2025.
VFEX Head of Markets Robert Mubaiwa highlighted the growing interest from mining houses and other companies seeking capital through the bourse. Since its establishment in 2020 as a US dollar-based subsidiary of the Zimbabwe Stock Exchange, all trades on the VFEX have been settled on time, enhancing investor confidence. Several companies have successfully raised substantial funds through the VFEX, including Caledonia, Karo Resources, Eagle Reit, and Invictus. Meanwhile, Kavango Resources has extended the date for listing its shares on the exchange to 5 September 2025 as it completes the necessary compliance requirements.
The VFEX's robust performance, combined with its hard-currency structure, continues to make it an attractive destination for both local and international investors seeking stable, high-yield returns and a safe haven from local currency volatility.
Source - The Herald
