EFE Securities •

8 months ago •

Weekly Reports

WEEKLY REPORT 20.06.2024

Fifteen counters registered gains against twelve fallers while, five remained stable, to leave the market with a positive breadth of three. Zimpapers led the faller’s list of the week after plunging 20.95% to $0.1000 with Hippo Valley Estate following on a 14.97% decline that took it to $5.9277. Brick manufacturer Willdale was 12.29% weakerat $0.0351 while, BAT lost 5.88% to $80.0000, where demand could be found. Econet Wireless Holdings also featured in the losers’ zone after losing 5.80% to end the week at $3.7491, having traded an intra-week low of $3.5000. Mashonaland Holdings dropped 4.14% to $1.1983 in the last session of the week as AFDIS trailed on a 2.99% decline that took it to $6.5000 on weakening demand. Masimba Holdings Limited was 1.50% lower at $3.4871 while, NMB Holdings Limited rolled back to $3.7000, on a 1.07% drop. Completing the losers’ list was General Beltings that went down 0.12% to settle at $0.1000. Banking group ZB Financial Holdings led the risers of the week on a 15% surge that took it back to $3.4500, albeit on scrappy shares. Nampak was 11.81% firmer at $0.8050 while, OKZim added 7.32% week on week to close at $0.3005. Zimre Holdings Limited rose 6.67% to $0.3200 while, Ecocash Holdings rebounded 5.19% to $0.1262. NTS added 5.18% to $0.7000 with FML rising 4.27% to close at $4.1706. Tea processor Tanganda was 3.93% up at $0.9769 while, Turnall Holdings Limited advanced 1.45% to $0.0700, where supply could be found.  Ariston   wrapped the gainers’ set on a 1.14% increase as it settled at $0.0400.