EFE Securities •
6 days ago •
Weekly Reports
WEEKLY REPORT 16.05.2025
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. The Mid Cap Index charged 3.00% to close at 242.03pts while, on the contrary the Blue Chip Index retreated 0.79% to close at 185.85pts mainly
weighed done by BAT, FML and CBZ. Elsewhere, top capitalised counter Delta released its FY25 results in which
profit for the year rose by 15% to US$116.15m and declared a dividend of US$0.023 which is a 10% rise from
prior year.
Zimre Holdings Limited led the risers of the week on an 33.41% jump to $0.2855 on retail demand, with sugar
refiners Star Africa following on a 23.49% rise that took it to $0.0382, having reached a high of $0.0400 during the week. Ariston Holdings ticked up 20% to settle at $0.0600 while, SeedCo Limited added 18.58% to end the week at $3.0000 on firming demand. Nampak was 10% firmer at $1.1000 while, OKZim rebounded 5.41% to close at $0.3373 where supply could be found. Proplastics rose 3.66% to $0.8500 with tea processor Tanganda adding 2.40% to end the week at $0.8710. Heavy cap Econet completed the top ten risers of the week on a 1.37% surge that took the telecom giant to $2.7401 on firming demand.
Overall, fifteen counters traded in the positive during the week against eight laggards, leaving the market with a positive breadth of seven. On the downside was Zimpapers that headlined the losers’ set after succumbing 21.03% to $0.1540. Tobacco processor BAT followed on a 20.47% decline that took it to $110.5500 with General Beltings easing 9.09% to close the week at $0.1000. Ecocash Holdings was 2.62% down at $0.1300 as demand continued to weaken in the name while, First Mutual Limited lost 2.25% to settle at $3.9100. Banking group CBZ tumbled 1.75% to $7.0000 while, Dairibord lost 0.73% to end at $1.7100. TSL Limited lost a negligible 0.02% week on week to $2.5995 as it completed the fallers’ list of the week.