EFE Securities •

8 months ago •

Weekly Reports

WEEKLY REPORT 27.06.2025

The market recorded steady gains during the week under review, with the All-Share Index rising 1.55% to close at 196.05pts, despite constrained trading volumes across the board with majority of trades being concentrated in Econet, CBZ, and Delta. The segregated Industrials also gained a similar 1.55% to end pegged 195.91pts while, the Blue-Chip Index advanced 1.76pts to close at 193.01pts, mainly anchored by Mashonaland Holdings and FBC. The Mid Cap Index was 0.90% firmer at 230.14pts extending its YTD gains to 1.11pts. Elsewhere, TSL released its HY25 results for the period ended 30 April 2025, in which it reported a PAT of US$4.29m and no dividend was declared. 

Fourteen counters recorded gains against eleven fallers while eight remained stable, to leave the market with a positive breadth of three. TSL led the risers of the week on a 27.62% surge that took it to $2.1950. Mashonaland Holdings followed on a 22.24% rise as it closed at $1.4648. Brick manufacturer Willdale was 13.96% higher at $0.0400 while, Ecocash added 11.15% week on week to close at $0.1403. General Beltings Holdings Limited rose 10% during the week to close at $0.1100 while, Banking group FBC rebounded 8.50% to $7.5950. Dairibord Zimbabwe ticked up 8.15% to $1.7775 with First Mutual Properties adding 7.68% to $1.3975. Agricultural concern Ariston edged up 7.14% to $0.0429 while, Nampak advanced 5.75% to $0.8513 where supply could be established.   Headlining the losers of the week was sugar refiners Star Africa which succumbed 48.25% to end the week at $0.0260. Zimre Holdings Limited was 18.75% down at $0.2600 with Unifreight following on a 15% slump that took it to $1.5300. Proplastics plunged 10.89% to $1.2386 where demand could be found. Rainbow Tourism Group was 7.31% down at $0.6025 as demand continued to weaken in the hotelier. Tea processor Tanganda dropped 5.79% week on week to close at $0.9204 while, National Tyre Service lost 4.93% during the week to settle at $0.6655. First Mutual Limited reversed prior weeks’ gains on a 4.09% loss as it closed at $4.0000. Masimba Holdings Limited shed 1.08% to $3.4495 on paltry shares while, heavy cap Delta Corporation retreated 0.97% during the week to close at $13.2525.