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The ZSE market-maintained gains into the third week of May, mainly anchored by gains in mid cap counters that clinched the top eight spots of the risers’ list. The All-Share Index was 0.16% firmer at 192.95pts while, the segregated Industrials gained a similar 0.16% to close pegged at 192.81pts.
Written by EFE Research
The ZSE market-maintained gains into the second week of the month, mainly anchored by gains in heavy cap counters. The All-Share Index advanced 0.77% to close at 192.65pts while, the segregated Industrials edged up 0.77% to 192.51pts. The Blue-Chip Index was 1.03% firmer at 187.32pts while, the Mid Cap Index added a negligible 0.01% to close at 234.98pts. Elsewhere, Zimbabwe’s gold deliveries for April 2025 surged to about 3.9 tonnes, a 62.5% increase from the 2.4 tonnes recorded during the same month last year.
BAT led the risers of the week on an 38.47% surge that took the tobacco processor to $115.2860 while, Econet followed on a 10.62% rebound as it settled at $2.9841, having traded a high of $3.0000 in the last session of the week. Ecocash Holdings was 3.12% firmer at $0.1299, albeit on selling pressure while, Willdale Limited added 0.48% to settle at $0.0400. Banking group FBC ticked up 0.40% to $7.5400 while, Art Corporation Limited rose 0.23% to $0.2215 where demand could be established.
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
The ZSE market recorded losses in the holiday shortened week to see the primary All Share Index falling 1.06% to close at 198.29pts on the back of waning demand in seen selected heavy and mid cap counters. The segregated Industrial Index eased 1.03% to close pegged at 198.15pts while, the Blue-Chip Index dropped 0.29% to 192.61pts. The Mid Cap Index suffered the biggest blow as it dipped 3.31% to 242.62pts.
Losses persisted on the ZSE in the week under review as the All Share Index retreated 0.66% to close pegged at 200.42pts on the back of losses in heavy and mid cap counters. The segregated Industrials parred off 0.67% to close at 200.23pts while, the Blue-Chip Index was 0.76% softer at 193.16pts widening its YTD losses to 10.26% mainly weighed down by Econet, BAT and CBZ. The Mid Cap Index was 0.36% lower at 250.94pts.
The ZSE market faltered in the week under review as the All-Share index retreated 1.16% to 201.75pts on the back of losses in selected heavies. In the same vein the segregated industrial Index lost 1.13% to 201.58pts while, the Blue Chip Index was 2.40% weaker at 194.65pts as BAT, Econet, Hippo, SeedCo and Ecocash continued weaken during the week. On the contrary, the Mid Cap Index was 2.65% higher at 251.83pts as its constituents clinched eight spots in the risers list of the week.
The ZSE market faltered in the session as the All Share Index retreated 1.67% to 204.11pts mainly weighed down by selected heavies that experienced selling pressure. The Blue-Chip Index was up 2.97% to settle at 199.43pts extending its YTD losses to 7.35% while, the Industrial Index was 1.67% lower at 203.89pts. On the contrary, the Mid Cap Index was 2.56% higher at 245.34pts. Elsewhere, the Tigere REIT released FY24 results in which its total income surged by 14% to $1.72m and declared a quarterly dividend of US0.04327 cents.
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.
Heavy cap counters anchored the market in the week under review, as demand in selected counters surged. The All Share Index was 7.76% firmer at 204.06pts while, the segregated Industrials gained a near similar 7.45% to close pegged at 203.78pts. The Blue-Chip Index was 9.76% higher at 204.65pts mainly buoyed by gains in BAT and Delta while, Mid Cap Index added 1.26% to 225.24pts. Elsewhere, TSL released its FY24 results for the period ended 31 October 2024, in which it reported a profit after tax of US$3.62m and did not declare a dividend as it is channeling the funds for the acquisition of Nampak.
Mid-cap counters weighed the market in the week under review as its Index faltered 2.55% to close pegged at 234.10pts as eight of its constituents clinched eight spots in the top ten fallers’ list. The mainstream All Share Index trimmed 0.91% to close at 206.47pts while, the ZSE Top Ten Index shed 0.47% to 205.62pts. The Industrial Index parred off 0.90% to end the week at 206.22pts. Elsewhere, Ariston Holdings Ltd, a diversified agricultural concern listed on the Zimbabwe Stock Exchange (ZSE), anticipates a significant increase in earnings from macadamia nut production following the recent acquisition of an advanced X-ray machine.
