EFE Securities •
1 week ago •
Weekly Reports
WEEKLY REPORT 21.03.2025
The ZSE market reversed prior weeks’ losses as it retreated 1.59% to 207.57pts mainly weighed down by losses in selected heavies while, the Industrial Index lost a similar 1.59% to 207.36pts.The Blue-Chip Index was 2.88% weaker at 205.53pts mainly dragged by CBZ, TSL, BAT and Ecocash while, on the contrary the Mid Cap Index was 2.85% higher at 239.22pts. Elsewhere, dual listed counter that is currently on suspension Old Mutual, released its FY24 results in which it reported a PAT of R8.39bn and consequently declared a final dividend of R0.52. The market closed with a negative breadth of three as fifteen counters faltered against twelve that advanced while, five sailed stable. Leading the laggards of the week was FML that plunged 24.19% to $3.3100 while, agriculture concern Ariston retreated 17.23% to $0.0496. Banking group CBZ eased 15.51% to end at a VWAP of $6.5649, despite having traded a low of $6.0000 while, Proplastics was 9.50% down at $1.0118. TSL parred off 8.97% to close at $1.5400 post the release of its Q1 trading update in which it reported that its revenue fell by 9%. Logistics concern Unifreight declined 5.00% to $1.9000 while, cigarette producer BAT diminished 4.27% to $111.9995. Life assurer Fidelity dropped 4.00% to $0.4800 while, Ecocash closed the week pegged at $0.1738 following a 3.48% descent. ART capped the top ten losers of the week on a 2.89% decline to $0.3399.
Partially offsetting the weekly losses was Nampak which is trading under cautionary as it surged 55.41% to $1.1500 while, banking group ZB advanced 23.70% to end at a VWAP of $4.3418. Brick manufacturer Willdale charged 14.19% to $0.0400 while, Zimre Holdings rose 12.50% to $0.2700. Dairy processor Dairibord was 9.20% higher at $1.7500 while, hotelier Rainbow Tourism Group gained 7.44% to $0.7000. Sugar refiner Star Africa notched up 5.27% to $0.0400. Sugar producer Hippo went up 0.61% to $6.1573 while, bankers NMB added 0.47% to $3.7200. Banking group FBC gained a negligible 0.12% to $7.5100.