PENSION funds were the largest holders of securities on the Chengetedzai Depository Company Limited (CDC) as of the end of August, with holdings valued at ZiG10,2 billion.
This represented 28,7% of the total market value of ZiG35,6 billion, according to the CDC.
During the period under review, a total of 717 million trades were settled on the Central Securities Depository (CSD), and 119 new accounts were opened.
“In the month of August 2025, a total of 119 new accounts were opened, which was an improvement from the 103 opened in July. The total number of accounts as at August 31, 2025 was 49 158,” CDC said in a trading update.
The CDC said activity on the Zimbabwe Stock Exchangeshowed signs of improvement for the current third quarter.
“The total turnover for trades for the month under review settling through Chengetedzai Depository Company Limited CSD (CDC CSD) was ZiG717,415 million, which was the second highest this year,” the CDC said.
“The average dematerialisation penetration ratio (Demat Ratio) across all counters on the CDC was at 63,4% as at August 31, 2025.”
This is despite the tight monetary stance being maintained.
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CDC data highlighted the dominance of institutional investors, particularly pension funds and insurers, in sustaining liquidity and providing stability in Zimbabwe’s capital markets.
Insurance companies held ZiG5,3 billion, translating to 14,43% of the market, reflecting the sector’s significant long term commitment to equities.
Other financial institutions were close behind at 9,6%, while nominees collectively held 8,01%, showing their continued relevance in facilitating shareholding structures.
Investment managers and mutual funds held 3,75%, while individuals, despite being the backbone of retail participation, controlled just 3,69% of the market.
Family trusts, trust companies, unit trusts, employee share ownership trusts, and deceased estates together made up 0,37% of the distribution, while joint accounts accounted for 0,05%.
Smaller segments included governmental institutions and the Securities and Exchange Commission of Zimbabwe at 0,15%, unclaimed shares at 0,12%, not-for-profit organisations at 0,02%, and foundations also at 0,02%.
Corporations, once strong players in direct shareholding, now represent just 0,31% of the total market value.
“There has also been notable improvement in the stability of the local currency. The tight monetary stance is expected to continue as the central bank continues to work on stabilising the local currency and also possible de-dollarisation,” the CDC said.
“The CDC also continues to work on securities lending and borrowing, which is currently live in a regulatory sandbox until the end of 2025. Engagements also continue with other markets on securities lending and borrowing.”
- Exchange rate: US$1: ZiG26,8
