EFE Securities •
10 months ago •
Weekly Reports
WEEKLY REPORT 11.04.2025
Losses persist on the ZSE…
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. Elsewhere, NMB Holdings Limited reported that it has significantly bolstered its access to offshore credit lines, successfully raising over US$65m in 2024 and establishing a strong foundation to draw down an additional US$100m in 2025.
Retailer OK Zimbabwe led the laggards of the day on a 15.13% plunge that took it to $0.3395 where demand could be found. Mashonaland Holdings was up 13.67% as it settled at $0.9500 while, SeedCo Limited trimmed 12.64% week on week to settle at $2.9000. Econet Wireless also featured in the fallers zone as it dropped 9.95% during the week to settle at $2.6848, having traded a low of $2.6800 in the last session of the week. Proplastics was 9.16% down at $1.0015 with banking group CBZ following on a 7.14% decline that took it to $6.5000. British American Tobacco lost 5.65% week on week to end pegged lower at $82.0811. Tanganda was 3.86% down at $1.0100 on weak demand. Banking group FBC eased 0.01% to $7.5100 as it completed the losers of the week.
On the upside was Hippo Valley Estates that topped on a 39.05% surge that took it to $7.3400. Willdale was 19.45% firmer at $0.0380 while, CFI Holdings rose 14.99% to $6.3510 on retail demand. First Mutual Properties ticked up 14.89% to $1.3040 while, TSL rose 8.33% to close at $2.6000. RioZim was 7.27% up at $0.9300 while, agriculture concern Ariston was 5.81% higher at $0.0599. Top capitalised counter Delta Corporation rebounding 2.35% week on week to settle at $15.2603 where demand could be established. Dairibord Zimbabwe Limited was 1.18% higher at $1.7200, while, Ecocash added 0.84% to $0.1705 where demand could be established.