EFE Securities •
4 months ago •
Monthly Reports
FEBRUARY MONTHLY REPORT
The market closed with a positive breadth of twenty, as thirty-one bulls charged against eleven laggards during the month. On the pole position was conglomerate ART that garnered 111.11% to end at $190.0000, where supply could be found while, cable manufacturer CAFCA charged 98.98% to settle at $8,800.0000. Bankers NMB soared 95.37% to end pegged at $2,900.0000 while, apparel retailer Edgars that is trading under a cautionary jumped 77.57% to close at $399.0000. BridgeFort Capital Class A notched up 75.00% to $35.0000 as it continued with its plans to acquire Diaspora Kapita and list on the VFEX while, First Mutual Limited edged up 71.64% to $3,600.0000 as it announced that it will be appealing the US$53m corrective measure set by IPEC on their subsidiary First Mutual Life. Mashonaland Holdings capped the month pegged at $302.1000 following a 67.83% ascent while, TSL advanced 64.46% to end trading at a VWAP of $2,174.9502. Life Assurer Fidelity gained 52.08% to close at $622.0000 as scrappy 4,200 shares exchanged hands during the month while, hotelier RTG fastened the top ten gainers list of the month on a 50.10% increase to $367.65000.
Heavies dominated the losers set of the month with Meikles headlining on a 64.11% plunge to $2,422.5000 while, Dairibord plummeted 41.03% to end pegged at a VWAP of $1,050.6667. Tea producer Tanganda shed 40.63% to $1,942.5000 post its Q1 trading update in which they reported a decrease in packed tea sales by 14% to 549 tonnes while, seed technology company SeedCo local parred off 32.09% to close at $2,350.1822. Beverages group Delta was 24.14% weaker at $8,542.8367 as demand in the counter continued to wane while, Proplastics retreated 20.59% to end at $1,350.0000. Telecommunication group Econet that is trading under a cautionary shed 16.19% to $1,806.2022 while, Afdis dropped 12.04% to close at $3,999.9875. Sugar refiner Star Africa retreated 8.77% to close trading at $8.2775 while, BAT lost a negligible 0.01% to settle at $46,813.0000 as 2,600 shares traded in the counter.