EFE Securities •

8 months ago •

Weekly Reports

WEEKLY REPORT 04.07.2025

Mid Cap counters anchored the market in the week under as its Index rose by 4.24pts to close at 237.76pts, propelling the market to register gains of 0.53% to close pegged 197.09pts. The segregated Industrials gained a similar 0.53% to settle at 196.95pts while, the Blue-Chip Index was 0.35% weaker at 192.34pts on the back of 
losses in Hippo, Dairibord, CBZ and Ecocash. Elsewhere, SeedCo Limited released its FY25 results in which it reported a PAT of US$17.53m and declared a dividend of US$0.0091. In the same vein the company’s sales volumes rose by 52% while, export revenue rose by 173% in the year under review. Headlining the risers of the week was sugar refiners Star Africa that rebounded 107.11% week on week to settle at $0.0538. TSL followed on a 29.73% surge that took it to $2.8475 where supply could be found. Nampak rose 15.12% to $0.9800 while, Mashonaland Holdings ticked up 7.69% to end the week at $1.5775. Proplastics was 4.95% firmer at $1.3000 while, Turnall Holdings Limited added 0.57% to close at $0.0704. Zimpapers group rose 0.50% to settle at $0.1005. Conglomerate ART Corporation was 0.29% higher at $0.1710 with banking group FBC rebounding $7.6010. Overall, nine counters rose against thirteen counters while, five remained stable, to leave the market with a weekly breadth of four. 
 
On the faller’s side was Hippo Valley Estates that led after succumbing 15% to close at $5.0405. Milk processor 
Dairibord lost 15.88% week on week as it settled at $1.5131 with Zimre Holdings Limited following after sliding 14.28% to close at $0.2229 on the back of selling pressure. Agricultural concern Ariston dropped 6.67% to end at $0.0400 where demand could be established. Retailer Ok Zimbabwe Limited weakened by 4.68% to settle at $0.2850 as selling pressure continued while, General Beltings eased 4.55% to close at $1050. Ecocash Holdings retreated 3.40% to $0.1355 while, banking group CBZ trimmed 2.45% to end pegged at $7.0232. Tea processor Tanganda lost 2.26% to $0.8996 on waning demand. Heavy Cap Econet Wireless Holdings rolled back to $3.8000 week on week on a 0.78% loss as it completed the top ten losers of the week.