Equity prices as at Thursday 6th March 2014
Market SnapshotFull List
|Market Cap||US$ 4,867,313,522|
|Foreign buys||US$ 1,273,068|
|Foreign sales||US$ 1,507,145|
|No. of trades||103|
Today's GainersFull List
Today's LosersFull List
Press Announcement on the ATS Tender Results by the Zimbabwe Stock Exchange
The Zimbabwe Stock Exchange is pleased to inform all stakeholders that it has made a decision on the choice of a supplier for the Exchange’s Automated Trading System. It has been an intense four months since we appointed a consultant in August 2013 and issued a request for Expression of Interest in September 2013. Eleven vendors from different parts over the world expressed interest and purchased the tender documents. Perhaps because of the rigorous requirements only four out of the initial eleven submitted full responses to the Request for Proposals within the deadline stipulated. The four were:-
- A Consortium local vendors led by Chartered Systems integration in partnership with CMA Small systems of Sweden.
- A consortium of Infotech Middle East FZ-LLC and local suppliers.
- National Stock Exchange of India in partnership with Valentine software of Zimbabwe.
- New York Stock Exchange Euronext Technologies.
The initial valuation of all bids submitted narrowed down the competing vendors to a short list of two – CIS/ CMA Small systems and Infotech Middle East. During the last week of November the shortlisted two vendors were given the opportunity to give oral presentations and demos to support their bids. The CSI /CMA Small Systems consortium was however unable to participate in the demo exercises due to other circumstances beyond their control. Additional due diligence measures were taken during the month of December and as a result of the report outcome of these efforts the Board of the Zimbabwe Stock Exchange has approved the engagement of Infotech Middle East FZ-LLC subject to a successful contract negotiations.
We are pleased to advise that the contract negotiations are now underway and stakeholders will be informed of the outcome in due course.