EFE Securities •
1 day ago •
Weekly Reports
WEEKLY REPORT 25.04.2025
Heavy and mid-cap counters weighed down the market during the week as tight liquidity conditions in the economy continued to create more selling pressure on the exchange. The All Share Index was 5.76% weaker at 186.67pts while, the Blue Chip Index was 7.16% lower at 178.81pts mainly weighed down by Delta, FML, RTG and Mashonaland Holdings. The segregated Industrials retreated 5.77% to settle at 186.72pts while, the Mid Cap Index fell by 1.55% to 238.87pts. Elsewhere, Zimbabwe’s gold exports reached US$395.9m during the first quarter of this year, compared to the US$303m recorded during the same period in 2024
Ecocash Holdings led the losers of the week on a 16.20% plunge that took it to $0.1260 where demand could be established. Art Corporation followed on 15% decline as it settled at $0.2210 while, CFI Holdings Limited dipped 15% to $5.3985. Zimre Holdings Limited was 14.87% down at $0.1960 as top capitalised stock Delta Corporation lost 14.86% week on week to close at $12.9837. Banking group ZB Financial Holdings trimmed 13.64% to $5.7000 with insurer FML trailing on a 9.09% drop that took it to $4.0000. First Mutual Properties eased 7.98% to $1.2000 while, Rainbow Tourism Group was 7.69% down at $0.6300. Mashonaland Holdings Limited eased 5.26% to $0.9000 as it completed the top ten fallers of the week. Overall, eighteen counters lost value during the week against eight risers to leave the market with a negative breadth of ten. OK Zimbabwe Limited headlined the risers of the week after surging 21.99% to $0.3450 where supply could be established. BAT followed on a 12.51% uplift that took the cigarette manufacturer at $83.2600 while, banking group CBZ was 10.93% firmer at $7.0000. Brick manufacturer Willdale added 10.02% to close at $0.0398. SeedCo Limited also featured in the riser’s zone after rebounding 3.65% to $2.5300 while, mining house RioZim added 0.57% to $0.7950. Dairibord Zimbabwe Limited added 0.15% to $1.7225 while, banking group FBC completed the risers of the week on a 0.13% lift to $7.5100.