Slow start for BNC on VFEX

EVEN though activity on the Victoria Falls Stock Exchange (VFEX) has been improving, turnover remains low, with Bindura Nickel Corporation (BNC) shares having traded in only a single instance since the company moved to the US$-denominated market mid-December.

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The company’s shares listed on the VFEX on December 17 after a migration from the ZWL-denominated Zimbabwe Stock Exchange, which management hopes will enhance its ability to source capital in an “appropriate currency”, and allow it to benefit from a better foreign currency earnings retention

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