Mid Cap counters anchored the market in the week under as its Index rose by 4.24pts to close at 237.76pts, propelling the market to register gains of 0.53% to close pegged 197.09pts. The segregated Industrials gained a similar 0.53% to settle at 196.95pts while, the Blue-Chip Index was 0.35% weaker at 192.34pts on the back of
losses in Hippo, Dairibord, CBZ and Ecocash. Elsewhere, SeedCo Limited released its FY25 results in which it reported a PAT of US$17.53m and declared a dividend of US$0.0091. In the same vein the company’s sales volumes rose by 52% while, export revenue rose by 173% in the year under review. Headlining the risers of the week was sugar refiners Star Africa that rebounded 107.11% week on week to settle at $0.0538. TSL followed on a 29.73% surge that took it to $2.8475 where supply could be found. Nampak rose 15.12% to $0.9800 while, Mashonaland Holdings ticked up 7.69% to end the week at $1.5775. Proplastics was 4.95% firmer at $1.3000 while, Turnall Holdings Limited added 0.57% to close at $0.0704. Zimpapers group rose 0.50% to settle at $0.1005. Conglomerate ART Corporation was 0.29% higher at $0.1710 with banking group FBC rebounding $7.6010. Overall, nine counters rose against thirteen counters while, five remained stable, to leave the market with a weekly breadth of four.
On the faller’s side was Hippo Valley Estates that led after succumbing 15% to close at $5.0405. Milk processor
Dairibord lost 15.88% week on week as it settled at $1.5131 with Zimre Holdings Limited following after sliding 14.28% to close at $0.2229 on the back of selling pressure. Agricultural concern Ariston dropped 6.67% to end at $0.0400 where demand could be established. Retailer Ok Zimbabwe Limited weakened by 4.68% to settle at $0.2850 as selling pressure continued while, General Beltings eased 4.55% to close at $1050. Ecocash Holdings retreated 3.40% to $0.1355 while, banking group CBZ trimmed 2.45% to end pegged at $7.0232. Tea processor Tanganda lost 2.26% to $0.8996 on waning demand. Heavy Cap Econet Wireless Holdings rolled back to $3.8000 week on week on a 0.78% loss as it completed the top ten losers of the week.