The ZSE market capped the week in the black as three of the four indices we review closed pointing northwards. The All Share Index advanced 1.18% to settle at 196.85pts while, the Industrial Index also rose by a similar 1.18% to 196.70pts. The Blue-Chip Index was 1.62% firmer at 189.81pts mainly anchored by gains in FML, Econet and
Delta while, on the contrary the Mid Cap Index lost 0.09% to end pegged at 246.15pts. Elsewhere, Nampak
released its HY25 results in which profit after tax fell by 7.68% to US$2.88m and did not declare a dividend for
the period.
Leading the risers of the week was plastic manufacturers Proplastics that’s went up 34.10% to end at $1.2740.
Mashonaland Holdings was 22.02% higher at $1.3087 where supply could be found. TSL Limited added 11.54%
to $2.9000 as Tanganda ticked up 7.24% week on week to close at $1.0000. Insurer FML went up 5.95% to settle at $4.1321 while, banking group ZB Financial Holdings advanced 5.26% to $4.0000. Ecocash Holdings was 5.15% firmer at $0.1375 while, Econet recovered 3.44% to $2.9745. Top capitalised counter Delta ticked up 0.18%
that took the beverages group to $13.5015 on firming demand. Completing the top ten risers of the week was
AFDIS which rose 0.15% to $6.8100. Overall, twelve counters traded in the positive during the week against fifteen fallers, while two remained unchanged, to leave the market with a negative breadth of three. Headlining the losers’ set was agriculture concern Ariston which rolled back to $0.0481 on a 15.91% plunge. Retailer OKZim followed after trimming 14.76% to $0.3093 while, ART dropped 13.45% to $0.1701. SeedCo Limited eased 8.25% to $2.9546, where demand could be established. Sugar refiners Star Africa was 7.32% down at $0.0578 with Dairibord easing 2.94% to $1.6500. Zimre Holdings Limited registered a cumulative 2.60% loss as it settled at $0.3500 while, banking group CBZ surrendered 2.51% week on week to trade at $7.0000. BAT declined 1.00% to $99.0000 on the back of selling pressure.