EFE Securities •

2 weeks ago •

Weekly Reports

WEEKLY REPORT 17.04.2025

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. According to the Reserve Bank of Zimbabwe’s February monthly update, digital payments transactions fell by 9% month on month to ZWG$162.46 billion in February 2025 from ZWG$178.79 billion.  

Retailer OK Zimbabwe led the laggards list for the second consecutive week as it plunged by a further 16.71% to see it ending at $0.2828. SeedCo Limited lost 15.83% to close the week at $2.4409, where demand could be established. Mining house RioZim was 15% down to $0.7905 while, Fidelity Life assurers eased 15% week on week to end pegged at $0.4250. Zimre Holdings Limited plummeted 14.88% to end the week at $0.2302. Conglomerate Art Corporation declined 13.48% to $0.2600 with Ecocash dropping 11.82% to settle at $0.1504 as demand continued to wane in the bankinggroup.  British American Tobacco also featured in the faller’s zone after plunging 9.85% to end at $74.000. Proplastics lost 5.14% to $0.9500 as brick makers Willdale capped the top ten fallers of the week on a 4.78% retreat to $0.0362. Overall, fifteen counters traded in the negative territory during the week against five risers to leave the market with a negative breadth of ten. Hippo Valley Estates headlined the risers of the week after surging 10.22% to 
$8.0900 while, Econet rebounded 1.81% to close at $2.7437. Star Africa advanced 0.19% week on week to $0.0401 with banking group NMB and packaging group Nampak following after adding an identical 0.01% to settle at $3.7306 and $1.1500 respectively.