VFEX Changes Market-Capitalisation Rules for Cross-Listed Companies
Translated from English and summarized by DistantNews. Read the original for the full story.
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- VFEX will change its market-capitalisation calculation for companies listed on both the exchange and another recognised market.
- From August 13, it will multiply the VFEX share price by total issued shares rather than only locally represented shares.
Zimbabwe’s Victoria Falls Stock Exchange is changing the way it measures the market capitalisation of companies listed on VFEX and another recognised exchange.
Starting August 13, VFEX will multiply a company’s share price on its market by the company’s total issued shares. The previous calculation used only the shares represented on the local market.
About this summary
Originally published by AllAfrica Zimbabwe in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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