Resurgent demand in market heavies saw the ZSE reverse prior week’s losses to close on firming demand. The ZSE All Share Index recovered 2.15% in the week under review and settled at 205.16pts with gains ably anchored by the top ten counters which spurred their own Index by 2.61% to end at 201.33pts. The Industrial Index shored up 2.15% to close pegged at 205.02pts while, the Mid Cap Index was 0.46% firmer 239.29pts extending its YTD gains to 5.13%. Elsewhere, CBZ released its HY25 results in which it reported a PAT of ZWG$868.14m and declared an interim dividend of USD$0.0040.
Fourteen counters traded in the positive against twelve fallers, while six remained unchanged, leaving the market with a positive breadth of two. Turnall Holdings Limited led the risers of the week on an 85.71% rise that took it to $0.1300 while, banking group FBC followed on a 20% upsurge as it settled at $7.8000. Unifreight ticked up 14.67% to settle at $1.2958 with NMB rebounding 10.70% to settle at $4.0000 on firming demand. Mashonaland Holdings recovered 8.33% to close at $1.3000 while, Rainbow Tourism Group rose 4.62% week on week and settled at $0.8500. SeedCo Limited advanced 2.90% to $3.7997 while, agricultural concern Ariston added 2.86% to end pegged at $0.0400, where supply could be found. Conglomerate ART Corporation was 2.68% higher at $0.1494 while, sugar refiner Star Africa added 2.38% to end at $0.0430 as it completed the top ten winners of the week.
NTS led the fallers of the week after succumbing 15.55% to $0.5620, where demand could be found. Willdale followed on a 14.29% to $0.0300 while, Zimpapers lost 12.25% during the week and settled at $0.0702 as demand continued to wane in the name. Masimba Holdings declined 10% to $1.8000 while, TN Cybertech trimmed 6.21% to $0.1121 as selling pressure persists in the name. Retailer OKZim added 4.55% to settle at $0.2009 with Zimre Holdings sliding 3.85% to end the week at $0.2500. Banking group ZB eased 1.55% to $3.0100 as heavy cap Econet Wireless Holdings wrapped the top ten losers of the week on a 0.91% loss that took it to $4.5340 where demand could be established.