EFE Securities •
8 months ago •
Weekly Reports
ZSE extend gains for the fifth week in a row…
Overally, the market ended the week with a positive breadth of twenty as twenty-seven counters recorded gains against seven that faltered while, a single counter sailed stable. Banking group CBZ Holdings Limited headlined the gainers of the week on a 51.94% jump to settle at $1,215.5681 after announcing its potential acquisition of a controlling stake in ZB financial Holdings. Brick manufacturer Willdale Limited added 46.36% to reach $8.0500. Zimre Holdings edged up 31.14% to settle at $85.2426 while, Mashonaland Holdings advanced 23.99% to close the week at $154.9868. NMB ticked up 19.42% to end pegged at $191.1765 while, construction group Masimba Holdings climbed 17.54% to $700.0000. Beverages giant Delta surged 17.17% during the week to close at $2,973.5038 while, lone miner on the ZSE RioZim jumped 15.00% to reach its weekly highest of $690.0000. Pipes manufacturer Proplastics stepped up 14.89% to end pegged at $531.90000 while, Star Africa capped the top ten winners of the week on a 14.74% uplift that took its price to $5.9664.
On the contrary, milk processor Dairibord Holdings led the laggards of the week on a 22.15% decline to settle at $544.8790, trailed by SeedCo Limited that retreated 15.00% to end the week at $850.0000. Tea producer Tanganda was part and parcel of the losers of the week as it fell 3.54% to $963.4615 while, cigarette manufacturer BAT eased 2.38% to $17,498.8208. Retailer OKZim slipped 0.04% to $140.0446 while, Rainbow Tourism Group capped the shakers of the week on a 0.03% slide to $149.9500.
VFEX reversed prior week losses …
On the VFEX, the market reversed prior week’s losses as the primary All Share Index rose 3.97% to 70.77pts. Bankers First Capital led the gainers pack on a 48.67% climb to $0.0223. Innscor followed on a 10.72% surge to settle at $0.4615 while, Padenga Holdings increased 3.67% to $0.1810. The duo of Axia and Simbisa firmed up 3.38% and 2.53% to end the week at $0.0796 and $0.3775 apiece. Partially mitigating the weekly gains were losses in African Sun that succumbed 5.30% to $0.0250. Zimplow trimmed 3.90% to trade at $0.0370 as Seed Co International completed the fallers’ set on a 3.81% slip to settle at $0.2400.
Activity aggregates were mixed in the session as volumes jumped 285.95% to 5.70m shares while, value traded plummeted 6.54% to $418,334.53. First Capital was the top value driver of the week as it contributed 79% of the outturn. The top value drivers of the week were Innscor ( 41%), Simbisa (26%) and First Capital (19%). Meanwhile, West Properties has won the Supreme Court case appeal against Fairclot Investment, which was seeking to place Stand No. 645 in Pomona Township - its flagship asset making up half of its listing valuation - under judicial management.