EFE Securities •

2 weeks ago •

Weekly Reports

WEEKLY REPORT 12.04.2024

Activity faltered on the market in the week under review as scrappy 192,000 shares were traded, distributed into ten counters. During the week, activity was depressed as various players were affected by currency changes coupled by banks’ updates which made transactions difficult to perform; this in turn aided in reducing activity on the bourse. The All-Share Index was 0.39% firmer at 100.39 pts while, the segregated Industrials charged 0.31% to end the week at 100.31pts. The Mid cap Index was the major gainer amongst the Indices we review as it jumped 1.69% to 101.69pts while, the Top 10 Index was 0.29% lower at 99.71pts. Elsewhere, TIMB reported that  tobacco farmers have pocketed US$143 million from the sale of 41 million kilogramme of flue-cured tobacco at both the auction and contract floors, as trading entered day 17 with the average price rising by 13 percent  to $3.4900.

 Ten counters recorded gains against two that declined to leave the market with a positive breadth of eight. Leading the risers of the week was Star Africa which topped on a 195.73% to close at $0.0200 on retail demand. Ariston Holdings followed on a 87.12% rise to settle at $0.0500 while, Ecocash added 15.15% to $0.3273, albeit on scrappy shares. Econet was 14.99% higher to close at $2.1400 as 100 shares exchanged hands in the last session of week. Zimre Holdings Limited rose 11.72% to settle at $0.2400 while, ART Corporation advanced 10.95% to end at $0.0900. Turnall Holdings was 1.52% higher at $0.0281 with Meikles adding a negligible 0.04% week on week as it completed the riser’s list at $2.8825.

On the downside was heavy cap Delta that headlined on a 8.87% drop that took it to $6.2000. OK Zimbabwe followed on a 3.90% decline to settle at $0.4648 as it completed the fallers of the week.