EFE Securities •

3 months ago •

Weekly Reports

WEEKLY REPORT 10.01.2024

Heavy and mid cap counters weighed on the market in the week under review as all the Indices we review closed in the red. The All Share Index was 2.59% weaker at 208.36pts while, the segregated Industrials fell by 2.61% to settle at 208.10pts. The Blue chip Index was 2.70% lower at 206.60pts mainly weighed down by Hippo and Econet while, the Mid Cap Index retreated 2.59% to 240.23pts. Elsewhere, the proposed merger between CBZ Holdings Limited and ZB Financial Holdings Limited, meant to create Zimbabwe’s largest financial institution, is on the verge of collapse following the imposition of stringent conditions precedent by the Competition and Tariff Commission.