ZSE firms up as reporting season gets underway…
The ZSE firmed up in the week under review as the reporting season dominated conversations, with companies
reporting stellar performances backed by a stable macroeconomic environment. The All Share Index was 2.38%
firm at 362.34pts while, the Old Industrials firmed up 2.60% to settle at 356.10pts. The Blue Chip Index was 2.61%
higher at 370.62pts while, the Mid Cap Index was 1.16% higher at 353.27pts. Hotelier RTG released its FY25
results in which revenue rose by 13% to US$50.65m to result in a PAT of US$3.26m and declared a final blended
dividend of US0.26cents and ZWG1.091.
Leading the risers of the day was hotelier RTG that
charged 31.64% to settle at $1.7250 while, exchange
operator ZSE Holdings firmed up 26.29% to settle
$1.2250. Sugar processor Hippo was 15.30% firmer at
$8.6020 while, tea producer Tanganda enhanced 14.45%
to close at a VWAP of 1.1445. Agriculture concern TSL was
8.87% higher at $3.5927 while, Zimre closed at $0.7433
following a 7.88% ascent. Hotelier Meikles advanced 6.67
to close trading at $3.2000 while, telecommunications
group Econet that is about to delist edged up 4.95% to
end trading at $10.5000. Banking group CBZ was 3.77%
up at 16.5000 while, brick manufacturer Willdale added
1.67% to settle at $0.0305.
Trading in the negative category was sugar processor Star
Africa that plunged 16.46% to $0.0301 while, distribution
and logistics company Unifreight parred of 14.01% to
$2.7000. Construction company Masimba succumbed
12.69% to $1.6000 while, property concern FMP that is
trading on a cautionary dropped 7.41% to $1.0000.
Bankers ZB Financial holdings eased 6.30% to $4.2167
despite closing well bid on the board while, seed
producer SeedCo Limited trimmed 6.24% to close trading
at $4.005 where demand could be found. Dairy processor
Dairibord tumbled 4.94% to close at a VWAP of $2.6143
as supply continued to mount in the counter at such
levels. Ariston was 4.70% down at $0.0324 while, bankers
TNCI was 4.40% down at $0.1195. Roofing producer
Turnall plunged 4.04% to $0.0950.